ICBC

ICBC inks deal to buy 20% stake in SinoPac

In an historic deal, China's ICBC enters into an agreement to pay up to $785 million for a 20% stake in Taiwan's SinoPac.

Industrial and Commercial Bank of China (ICBC) has entered into a share subscription agreement with SinoPac Financial Holdings in an historic move that signals closer cross-border financial ties between mainland China and Taiwan.

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