Tag: shenzhen development bank

Equities

Newbridge exits Ping An as stock emerges from two-month suspension

The private equity firm raises $1.2 billion at a tight 1.2% discount after Ping An strikes a deal to increase its stake in Shenzhen Development Bank to above 50%.

By Anette Jönsson | 3 September 2010

Equities

Newbridge sells $1.25 billion stake in Ping An

The private equity firm monetises part of the Ping An stake it received last week as payment for its 4.7% holding in Shenzhen Development Bank.

By Anette Jönsson | 14 May 2010

Corporate

Tech spending at Chinese banks continues to increase

Chinese bank spending on technology will reach $11.3 billion by 2011, says Celent.

By Edward Russell | 4 January 2010

M&A

Ping An to invest in Shenzhen Development Bank

The Chinese insurance giant moves nearer to its goal of becoming an integrated financial services company, and gives private equity investor Newbridge Capital an exit route.

By Daniel Inman | 15 June 2009

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