IN BRIEF (Page 14)
China Daily | Updated: 2007-04-03 06:53
BEIJING
Nod to bank stake sale
Chongqing City Commercial Bank has won government approval to sell a 17-percent stake to Hong Kong's Dah Sing Banking Corp for about 700 million yuan, bank chairman Zhang Fu said. The bank is still awaiting the government's nod to sell a further 7.99-percent stake to US private equity giant Carlyle Group and float shares in Hong Kong.
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