thats expanding in China, may sell shares in Hong Kong to fund its growth in the worlds second-largest economy. United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9. The company has invested more than 4 billion yuan in its China operations. Listing will improve our transparency and help us get capital for expansion, Nagahara said.
International Personal Finance PT Raised to GBX 627 at JPMorgan Cazenove (IPF)
With the buyback, Indiabulls Finance has become a wholly owned arm of Indiabulls Housing Finance, one of the largest private housing finance firms in the country. Indiabulls Housing Finance has a loan book of Rs 37,000 crore (having grown at a CAGR of 26 per cent in the last five years). — Copyright 2013 VCCircle.com. All rights reserved.
BNY Mellon named Best Transactional Bank in Europe, the Middle East and Africa by EMEA Finance magazine
The firm reiterated its overweight rating on shares of Rio Tinto. Also, JPMorgan Cazenove upgraded shares of Diana Shipping from an underweight rating to a neutral rating. JPMorgan Cazenove now has a $10.50 price target on that stock, up previously from $9.50. Finally, JPMorgan Cazenove upgraded shares of Energy Transfer from a neutral rating to an overweight rating. International Personal Finance ( LON:IPF ) traded down 0.48% on Thursday, hitting GBX 623.00.
Indiabulls Housing Finance buys back Amaprop’s 42.5 percent stake in subsidiary for $42.5 mln
This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon unless otherwise stated as at June 30, 2013. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch office: One Canada Square, London E14 5AL. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve.