Taiwan's CTBC Fin to buy 100 pct of China CITIC Bank unit for $381 mln

May 26, 2015 8:45 AM

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TAIPEI May 26 Taiwan's CTBC Financial Holding Company Ltd, formerly Chinatrust Financial Holding Co Ltd, will buy 100 percent of China CITIC Bank International Ltd for T$11.67 billion ($381.41 million), CTBC officials said at a press briefing on Tuesday.

China CITIC Bank International is an unlisted subsidiary of China Citic Bank Corp Ltd .

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