China Banking Corporation approves the acquisition of additional shares of ChinaBank Savings, Inc.

Further to China Banking Corporation's disclosure on 08 February 2012, the company disclosed that the Board of Directors approved, confirmed and ratified in June 6, 2012 the authority of the Bank to acquire 18 common shares and 100 preferred shares of ChinaBank Savings, Inc. (formerly The Manila Banking Corporation) by negotiated transaction with the named shareholders who have already represented their intention to sel their shares, subject to proper verification of the shareholdings and compliance of the shareholder with the Bank’s other requirements. This is in compliance with the requirements of the Philippines Stock Exchange, Inc. (PSE). - https://www.affordablecebu.com/