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Acquisition of Seng Heng Bank by ICBC

In: Seng Heng Bank

Author

Listed:
  • Patrick W. M. Huen

    (Industrial and Commercial Bank of China (Macau) Limited)

  • Jean Jinghan Chen

    (University of Macau)

  • Ming-Hua Liu

    (University of Macau)

Abstract

Chapter 5 examines what made the acquisition of SHB by ICBC possible and how the deal was made. We also analyse the post-acquisition financial performance of ICBC (Macau). In 2007, ICBC made an offer to buy a stake of approximately 80% of SHB at a price equivalent to more than three times SHB’s net asset value (NAV) which was very high by industry standard. The acquisition was a success as ICBC (Macau) has performed very well since the acquisition.

Suggested Citation

  • Patrick W. M. Huen & Jean Jinghan Chen & Ming-Hua Liu, 2021. "Acquisition of Seng Heng Bank by ICBC," Springer Books, in: Seng Heng Bank, chapter 0, pages 71-89, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-0398-3_5
    DOI: 10.1007/978-981-16-0398-3_5
    as

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