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Merchants Bank clinches control of Wing Lung

by Luo Jun

CHINA Merchants Bank Co, the nation's most profitable lender, agreed to pay HK$19.3 billion (US$2.5 billion) in cash for control of Hong Kong's Wing Lung Bank Ltd in the city's biggest banking acquisition in seven...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080614/article_363162.htm"> Merchants Bank clinches control of Wing Lung </a> by -- CHINA Merchants Bank Co, the nation's most profitable lender, agreed to pay HK$19.3 billion (US$2.5 billion) in cash for control of Hong Kong's Wing Lung Bank Ltd in the city's biggest banking acquisition in seven... </p>