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PHILIPPINES PRESS-Philippines' China Bank begins due diligence on UCPB-BusinessWorld
May 9, 2014 / 1:06 AM / in 4 years

PHILIPPINES PRESS-Philippines' China Bank begins due diligence on UCPB-BusinessWorld

Philippine bank China Banking Corp (China Bank), a unit of conglomerate SM Investments Corp, is conducting a due diligence on government-controlled United Coconut Planters Bank (UCPB), while two other banks said pricing issues could be discouraging other potential investors, the BusinessWorld newspaper quoted the China Bank chairman as saying.

(link.reuters.com/xyr29v)

---- NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Bureau; Editing by Subhranshu Sahu)

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