China Resources Enterprises: no serious HKCB Bank Holding buyer at present

China Resources Enterprises (0291) revealed to the securities circle that no serious buyer has provided a formal acquisition offer for HKCB Bank Holding (0655) so far.

The cost price of HKCB Bank Holding stood at HK$4.42 per share, 1.5 times of the book value. China Resources Enterprises, which will transfer to a distribution-oriented company, is not eager to sell HKCB Bank Holding.

HKCB Bank Holding currently stood at HK$3.9, and analysts thought that it was too soon for China Resources Enterprises to settle down the transaction of HKCB Bank Holding.

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