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KWM assists CBA with A$940 million sale of remaining shareholding in Bank of Hangzhou
KWM has advised Commonwealth Bank of Australia (CBA) on the sale of its remaining approximately 5% shareholding in Bank of Hangzhou Co., Ltd (HZB) for RMB 4.3 billion (approximately A$940 million). The buyer is New China Life Insurance Co., Ltd, a Beijing-headquartered life insurance company dual listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. HZB is a commercial bank based in Hangzhou, China is listed on the Shanghai Stock Exchange.
10 June 2025
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FEATURED INSIGHTS
INSIGHTS
FEATURED INSIGHTS
LATEST THINKING
INSIGHTS
LATEST THINKING
- Data Breach Risks & Compliance: Trends, Legal Frameworks, and Strategic Response in China and the U.S.
- China’s Technology Import/Export Control: A Crucial Compliance Landscape
- New Changes in Non-Use Cancellation Practices in China and Response Strategies
- Patent Landscape of Smart Battery in China
- FAQs regarding China Technology Import and Export Control
- Data Breach Notification System and Compliance Essentials
PUBLICATIONS
INSIGHTS
PUBLICATIONS
