Minsheng set to take trust stake
By Mao Lijun | China Daily | Updated: 2008-04-01 07:45
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A man uses his mobile phone in front of a China Minsheng Banking Corp office in Shanghai. Bloomberg News |
China Minsheng Banking Corp, the country's seventh largest bank by market value, is ready to buy a 25.56 percent stake in Shaanxi International Trust & Investment Corp (SITIC) to diversify its business and lessen its dependence on lending.
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