BEIJING, Aug.28 (Xinhua) -- Bank of China (BOC) and Fullerton Financial Holdings, a unit of Temasek Holdings, have jointly signed an equity transfer agreement with China Construction Bank (CCB) recently.
According to the agreement, the BOC and Fullerton Financial will jointly acquire 27 rural banks from the CCB for about 1.606 billion yuan.
The move implied the BOC’s another move to strengthen its layout of rural banks in China after the lender successfully bought 15 other rural banks from China Development Bank in 2017.(Edited by Yang Yifan, yangyifan@xinhua.org)
A single purchase
