China’s CITIC Bank approves deal for stake in Kazakh lender

SHANGHAI China’s CITIC Bank Corp Ltd (601998.SS) said late on Wednesday its board had approved a deal to buy a 60 percent stake in Kazakhstan’s Altyn Bank, a subsidiary of Halyk Bank HSBK.KZ(HSBKq.L), the country’s No.2 lender by assets. Halyk Bank said in …
( read original story …)