IN BRIEF (Page 13)
China Daily | Updated: 2009-10-15 07:55
Hurdle for Minsheng
Minsheng Bank could not take a controlling stake in UCBH Holdings Inc due to US regulatory limitations, Reuters reported yesterday. The bank's board was also split on whether it would increase its current 9.6 percent stake in the troubled US bank, the report said. Shares of UCBH jumped 64 percent this month following a report of an investment by Minsheng.
Zambian mine deal okayed
Photo