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Article: CCB ASIA COMPLETES AIG FINANCE (HONG KONG) TAKEOVER.

Article from:
AsiaPulse News
Article date:
November 6, 2009
Copyright

BEIJING, Nov 6 Asia Pulse - China Construction Bank (Asia), a subsidiary of China Construction Bank (CCB), recently announced that AIG Finance (Hong Kong) has been renamed China Construction Bank (Asia) Finance (CCBAF) on November 2.

In August, CCB (Asia) signed an agreement to purchase AIG Finance (Hong Kong) for US$70 million, the transaction was completed in late October.

A CCB insider said that the acquisition will bring more than 500,000 credit card customers and over 5 per cent of Hong Kong's market share, thus ...

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