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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 »

China Bank buys more shares of Plantersbank

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Sy-led China Banking Corp. is set to buy additional shares in Planters Development Bank from a minority stockholder through a negotiated sale, in line with the former’s plan to acquire as much as 100 percent of the country’s leading private development bank and small and medium enterprise lender.

Posted: February 6th, 2014 in Headlines | Read More »

China Bank sets offer for Planters’ minority owners

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Photo from www.chinabank.ph

Tycoon Henry Sy-led China Banking Corp. is making a tender offer to acquire the stake held by the minority stockholders of Planters Development Bank as the Bangko Sentral ng Pilipinas approved the merger of the two banks.

Posted: January 10th, 2014 in Latest Business Stories | Read More »

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