Wing Lung, China Merchants shares up on deal

Mon Jun 2, 2008 9:56pm EDT
 
[-] Text [+]

HONG KONG, June 3 (Reuters) - Shares of Wing Lung Bank 0096.HK rose 4.2 percent on Tuesday after China Merchants Bank (3968.HK), the country's sixth-largest bank, agreed to buy control of the Hong Kong lender in a $4.66 billion deal.

Shares of China Merchants Bank were up 2 percent.

(Reporting by Michael Flaherty, Editing by Anne Marie Roantree)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better