Cinda Financial HK$68 billion acquisition of Nanyang Commercial Bank

Overview:

• Cinda Financial. has acquired Nanyang Commercial Bank for HK$68 billion from Bank of China.
• Through this acquisition, Cinda will acquire Nanyang Commercial Bank’s 42 Hong Kong branches, 11 mainland China branches and one overseas branch in San Francisco. Nanyang Commercial Bank Limited, along with its subsidiaries, provides personal and commercial banking services. 
• This is the largest M&A deal in banking in Asia, ex-Japan, in terms of deal value for 2015. 

Hanna Rae Choi - Researcher