Oct. 8, 2009 (China Knowledge) - China Minsheng Banking Corp Ltd<600016>, the first privately owned bank in the country, may become the first Chinese bank to gain control of a U.S. bank, Bloomberg reported on Tuesday.
China Minsheng Bank is considering increasing its 9.6% stake in UCBH Holdings Inc, the parent of United Commercial Bank, to 50% or more, according to the report.
To raise its
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