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China Bank hikes stake in venture with Manulife

The Bangko Sentral ng Pilipinas has approved the plans of SM group-led China Bank to raise its stake in a bancassurance venture with global insurer Manulife Financial Corp. and infuse P1.59 billion in fresh capital into China Bank Savings.

Posted: October 3rd, 2014 in Headlines | Read More »

China Bank names Ricardo Chua president

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Photo from www.chinabank.ph

China Banking Corp. has named Ricardo Chua its president and chief executive officer effective September 1.

Posted: August 15th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Alfamart in PH

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Not to be left out in the convenience store race, SM Investments Corp. has rolled out three “experimental” stores in partnership with Indonesian retailing giant Alfamart, choosing the following high-density locations in the south: Trece Martirez and Dasmariñas in Cavite and another in Las Piñas.

Posted: August 8th, 2014 in Columnists,Inquirer Columns | Read More »

China Bank to hike bancassurance stake

SM Group-led China Bank plans to raise its interest in Manulife China Bank Life Assurance Corp. (MCBL) to 40 percent from 5 percent in order to unlock more value from the growing volume of business in its bancassurance partnership with global insurer Manulife Financial Corp.

Posted: July 4th, 2014 in Headlines | Read More »

China Bank prices rights offering at P49.50

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Screengrab from www.chinabank.ph

China Banking Corp., which is part of the SM group, has firmed up an P8-billion stock rights offering, its first capital-raising initiative of this kind in nearly two decades, at a price of P49.50 per share.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

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