LIPPO LIMITED (HK) 力寶有限公司
What did you expect?
By popular demand, we comment on the sale by HKCB Bank Holding of Hongkong Chinese Bank to CITIC Ka Wah Bank, and the accompanying increase in the holding of Lippo China Resources in HKCBH, which many investors were surprised did not trigger a general offer. We also take a look at the chequered past of the two banks, which were surely made for each other, and what we know about an ICAC investigation involving a former Alternate CEO of CKW. (4-Nov-2001)
By popular demand, we comment on the sale by HKCB Bank Holding of Hongkong Chinese Bank to CITIC Ka Wah Bank, and the accompanying increase in the holding of Lippo China Resources in HKCBH, which many investors were surprised did not trigger a general offer. We also take a look at the chequered past of the two banks, which were surely made for each other, and what we know about an ICAC investigation involving a former Alternate CEO of CKW. (4-Nov-2001)
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