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PHILIPPINES PRESS--Chinabank pays $35 mln for Plantersbank control - Star
January 17, 2014 / 12:42 AM / 4 years ago

PHILIPPINES PRESS--Chinabank pays $35 mln for Plantersbank control - Star

Philippine lender China Banking Corp, a unit of the SM Group, has completed the purchase of a controlling stake in unlisted Planters Development Bank for 1.58 billion pesos ($35 million), the Philippine Star newspaper reports. (link.reuters.com/nad26v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Supriya Kurane)

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