ICBC aims to delist Hong Kong unit

ICBC will spend $1.4 billion to buy out minority shareholders in ICBC Asia, in a deal Goldman Sachs is managing.

Sameera Anand

August 11, 2010

The Industrial and Commercial Bank of China Limited (ICBC) is attempting to buy out minority shareholders in the Industrial and Commercial Bank of China (Asia) (ICBCA) in a deal estimated to be worth HK$10.8 billion ($1.4 billion).

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