Macau Chinese Bank Explained

The Macau Chinese Bank Limited (; Portuguese: Banco Chinês de Macau, S.A.)^[1] is a bank in Macau, China.

The bank was formerly known as Finibanco (Macau) . It was acquired by Winwise Holdings Limited, the subsidiary of Hongkong Chinese Limited, in 2002 and renamed The Macau Chinese Bank, Limited.^{[2] [3] [4]} In 2007, Value Convergence Holdings, a subsidiary of Melco International Development, signed an agreement to acquire 60% stake of Macau Chinese Bank.^[5] However, in 2008, Value Convergence Holdings declared to give up the acquisition because Monetary Authority of Macao did not agree it before the agreement expiry date.^[6]

In 2015 the Chinese state-owned Nam Yue Group acquired a 56% stake in the bank from Hongkong Chinese Limited in two tranches. Two other natural persons also acquired 24% stake of the bank.

See others

• Hongkong Chinese Bank - now merged to CITIC Ka Wah Bank

Notes and References

1. http://en.io.gov.mo/Priv/record/100148.aspx The Macau Chinese Bank Limited
2. https://archive.today/20120715123742/http://investing.businessweek.com/businessweek/research/stocks/private/snapshot.asp?privcapId=27843913 The Macau Chinese Bank Limited
3. http://notice.singtao.com/ADMA/00226/epdf/Lippo_LCR0226.pdf ACQUISITION OF 85% OF THE ISSUED SHARE CAPITAL OF FINIBANCO (MACAU), S.A.R.L. BY HONGKONG CHINESE LIMITED
4. http://web3.cmvm.pt/sdi2004/emitentes/docs/fsd4360.pdf Finibanco Holding S.G.P.S., S.A. - FACTO RELEVANTE (Portuguese)
5. http://www.vcgroup.com.hk/main_v2/eng/pdf/2007-10-03_Eng.pdf Value Convergence Acquires Controlling Stake in Macau Chinese Bank Limited
6. http://www.hkexnews.hk/listedco/listconews/gem/20080302/GLN20080302001.pdf LAPSE OF THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF THE MACAU CHINESE BANK LIMITED