Out of the total purchase price of P1.86 billion for 100 percent - TopicsExpress

Out of the total purchase price of P1.86 billion for 100 percent of Planters Bank, China Bank settled P1.579 billion for the 84.77 percent capital stock owned by the controlling group, the Tambunting family and related parties as well as that owned by Dutch development bank FMO. “The strategic partnership represents opportunities for China Bank to expand its SME portfolio and geographic footprint,” the disclosure said. Read more: business.inquirer.net/160357/china-bank-corp-completes-takeover-of-planters-bank

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