HKCB next acquisition opportunity

Banking sector consolidation picks up pace with HKCB tipped the next likely target.

StockHouse LogoFirst Pacific Co 142 looks set to conclude the disposal of its stake in FPB Bank 717 any day. This would follow ICBC's takeover of Union Bank in April of this year. Analysts predict that the consolidation of the local banking industry will continue and tip HKCB Bank 655 as the next likely target.

Stockhouse HKCB picThe speculation has arisen due to the situations of HKCB Bank's two major shareholders, China Resources 291 and Lippo China Resources 156. They...

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