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China Daily | Updated: 2009-12-11 07:56

Hana buys into Bank of Jilin

Hana Bank, the fourth-largest lender in South Korea, will spend $316 million to buy an 18.44 percent stake in Bank of Jilin, a regional lender in northeastern China, people close to the deal said. The deal, priced at 1.8 yuan per share, is likely to be completed before the end of this year and make Hana Bank the largest shareholder in Bank of Jilin.

BYD US HQ likely to be in LA

IN BRIEF (Page 13)

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