Yue Xiu completed the acquisition of Chong Hing Bank for $657m.

Financials

Transaction Value£465m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

Chong Hing Bank

Yue Xiu Enterprises

Sources

Tags

China

Domestic

Single Bidder

bank

Friendly

Public

Acquisition

Privatisation

Majority

Banks

Completed

Synopsis

Yue Xiu, an investment holding company, completed the acquisition of Chong Hing Bank, a bank, for $657m.

Linklaters

China International Capital

Dechert

Clsa Capital Markets

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.