KM Financial Solutions | Unit of China’s ICBC bank to take 10.82% stake of troubled Bank of Jinzhou
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Unit of China’s ICBC bank to take 10.82% stake of troubled Bank of Jinzhou

Unit of China’s ICBC bank to take 10.82% stake of troubled Bank of Jinzhou

The Industrial and Commercial
Bank of China (ICBC), , the country’s
largest lender by assets, said on Sunday its wholly owned unit
had signed an equity transfer agreement to invest in the
troubled Bank of Jinzhou.

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