Macau Chinese Bank

The Macau Chinese Bank Limited (Chinese: 澳門華人銀行有限公司; Portuguese: Banco Chinês de Macau, S.A.)[1] is a bank in Macau, China.

The bank was formerly known as Finibanco (Macau) (Chinese: 富利銀行有限公司). It was acquired by Winwise Holdings Limited, the subsidiary of Hongkong Chinese Limited, in 2002 and renamed The Macau Chinese Bank, Limited.[2][3][4] In 2007, Value Convergence Holdings, a subsidiary of Melco International Development, signed an agreement to acquire 60% stake of Macau Chinese Bank.[5] However, in 2008, Value Convergence Holdings declared to give up the acquisition because Monetary Authority of Macao did not agree it before the agreement expiry date.[6]

In 2015 the Chinese state-owned Nam Yue Group acquired a 56% stake in the bank from Hongkong Chinese Limited in two tranches. Two other natural persons also acquired 24% stake of the bank.

See others

References

  1. ^ The Macau Chinese Bank Limited
  2. ^ The Macau Chinese Bank Limited
  3. ^ ACQUISITION OF 85% OF THE ISSUED SHARE CAPITAL OF FINIBANCO (MACAU), S.A.R.L. BY HONGKONG CHINESE LIMITED
  4. ^ Finibanco Holding S.G.P.S., S.A. - FACTO RELEVANTE (Portuguese)
  5. ^ Value Convergence Acquires Controlling Stake in Macau Chinese Bank Limited
  6. ^ LAPSE OF THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF THE MACAU CHINESE BANK LIMITED