在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  Home>News Center>Bizchina
       
 

GE to buy stake in Shenzhen Development Bank
By Rachel Layne (Bloomberg News)
Updated: 2005-09-30 08:38

General Electric Co agreed to buy a 7 per cent stake in China's Shenzhen Development Bank Co valued at about US$100 million, as its consumer finance unit expands in emerging markets, people familiar with the situation said.

Newbridge Capital LLC, which bought 18 per cent of Shenzhen in December, manages the bank. The purchase would increase the foreign ownership stake to the 25 per cent limit imposed by the Chinese Government.

GE Consumer Finance expects about three quarters of its profit to come from outside the US this year, David Nissen, head of the business, told investors in July. Earnings at the business are expected by GE to climb 20 per cent in 2005, faster than the Fairfield Connecticut-based conglomerate as a whole.

Newbridge spokesman Owen Blicksilver and GE spokesman Russell Wilkerson declined to comment.

The GE purchase was reported earlier on Wednesday by the Wall Street Journal, which cited unnamed people.

Frank Newman, chairman of Newbridge, became the first foreigner to lead a commercial bank in May. The investment firm bought its Shenzhen stake from four government-controlled shareholders for US$149 million in December, after more than two years of talks.

San Francisco-based Newbridge's stake is the biggest of any single shareholder, giving the firm the right to appoint the chairman and top managers of the bank, based in the city of Shenzhen across the border from Hong Kong.

General Electric, the world's biggest issuer of private-label credit cards, buys stakes in or purchases banks or finance companies, helped by the lower borrowing costs because of GE's AAA credit rating, the highest available.


(China Daily 09/30/2005 page10)



 
  Story Tools  
   
Advertisement
         
主站蜘蛛池模板: 欧美性猛交xxxx黑人交 | 国产黄色在线播放 | 免费黄色一级 | 亚洲激情欧美 | 日韩一级黄色片 | 国产一区不卡 | 精品一区二区免费视频 | 日韩精品在线观看视频 | 国产福利在线播放 | 黄色三级在线观看 | 亚洲免费一区二区 | 免费的黄色网址 | 毛片在线免费播放 | avtt久久| 日本欧美在线观看 | 99热亚洲| 91在线观 | 亚洲欧美一区二区三区在线 | 日韩成人综合 | 天天综合永久入口 | 国产精品激情 | 中文字幕av一区二区三区谷原希美 | www婷婷| 国产精品久久久久久久久久久久午夜片 | 在线观看日韩精品 | 日韩精品视频在线免费观看 | 蜜臀99久久精品久久久久小说 | 国产吃瓜黑料一区二区 | 欧美做受喷浆在线观看 | 茄子视频色 | 日本在线观看一区 | 久久草av | 黄色片在线看 | 欧美精品一| 亚洲 欧美 激情 另类 校园 | 中文在线观看视频 | 中文字幕精品一区久久久久 | 一区二区三区欧美日韩 | 麻豆精品一区 | 国产h视频在线观看 | 五月色丁香 |