CBA sells stake at Bank of Hangzhou

Commonwealth Bank of Australia sells 10% stake at Bank of Hangzhou for $1.3b

Commonwealth Bank of Australia sells 10% stake at Bank of Hangzhou for $1.3b

CBA has agreed to maintain a 5.57% shareholding in the bank until Feb 2025.
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DeeMoney CEO says trust will beat acquisition
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Thai financial institutions put price on bad strategy
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