Posted on: May 6, 2010 by PEHub AdministratorNo Comments »
HONG KONG (Reuters) – Ping An Insurance (Group) Co of China (2318.HK)(601318.SS) said it had received approval from China Securities Regulatory Commission (CSRC) on its plan to issue H-shares in exchange for shares in Shenzhen Development Bank (000001.SZ). The Chinese insurer said CSRC had approved its plan to issue 299.09 million H-shares in exchange for [...]
Posted on: June 17, 2009 by PEHub AdministratorNo Comments »
HONG KONG/SHANGHAI (Reuters) – Chinese regulators are expected to approve a change of ownership at Shenzhen Development Bank (000001.SZ) that will allow U.S. private equity firm TPG to exit its biggest China investment, and signal Beijing’s preference for local investors to control the mid-sized bank. Some of Shenzhen Development Bank’s (SDB) top shareholders also support [...]
Posted on: February 25, 2009 by PEHub Administrator1 Comment »
SHANGHAI/HONG KONG (Reuters) – Shenzhen Development Bank (SDB) (000001.SZ), China’s first foreign investor-controlled lender, will likely return to local ownership if U.S. private equity giant TPG Capital can unload its near 17 percent stake once a lock-up lapses next year. TPG, which owns the stake via its Newbridge Capital fund, is the largest SDB shareholder, [...]
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