Acquisition of Seng Heng Bank by ICBC

Patrick W. M. Huen (), Jean Jinghan Chen () and Ming-Hua Liu
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Patrick W. M. Huen: Industrial and Commercial Bank of China (Macau) Limited
Jean Jinghan Chen: University of Macau

Chapter Chapter 5 in Seng Heng Bank, 2021, pp 71-89 from Springer

Abstract: Abstract Chapter 5 examines what made the acquisition of SHB by ICBC possible and how the deal was made. We also analyse the post-acquisition financial performance of ICBC (Macau). In 2007, ICBC made an offer to buy a stake of approximately 80% of SHB at a price equivalent to more than three times SHB’s net asset value (NAV) which was very high by industry standard. The acquisition was a success as ICBC (Macau) has performed very well since the acquisition.

Keywords: Mergers and acquisitions; Net asset value; Post-acquisition performance; ICBC (Macau) (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-0398-3_5

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DOI: 10.1007/978-981-16-0398-3_5

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