Cathay Financial to buy 70pct of Cambodia bank

15-Jun-2012 Intellasia | Market Watch | 7:01 AM Print This Post

Cathay Financial Holdings Thursday said its banking unit plans to acquire 70 percent of Cambodia-based bank Singapore Banking Corp. as part of Cathay Financial’s expansion effort in Southeast Asia.

The statement didn’t elaborate.

Cathay Financial is the largest financial conglomerate in Taiwan by listed assets. -By Jenny W. Hsu

http://www.marketwatch.com/story/cathay-financial-to-buy-70-of-cambodia-bank-2012-06-13

 


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