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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 »

China Bank gets PSE nod to hold P8-B offer

The Philippine Stock Exchange has approved the stock rights offer of China Banking Corp. worth P8 billion, as the bank prepares to operate in an environment marked by more stringent capital adequacy requirements.

Posted: April 8th, 2014 in Headlines | Read More »

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