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M&A
China Merchants Bank clinches Wing Lung deal
The Chinese lender agrees to pay 3.1 times book to buy control of Hong Kong-based Wing Lung, valuing the bank at $4.7 billion and triggering a general offer.
By Anette Jönsson | 2 June 2008
Equities
HDFC Bank prices ADR at a tight 0.2% discount
The Indian bank attracts strong demand for the follow-on offering, but the ADR price falls in the aftermarket after gaining 6.9% during the roadshow.
By Anette Jönsson | 19 July 2007
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