CMB purchase gives Wing Lung new lease of life

CMB acquired Wing Lung for HK$19.3 billion at a 2.9 price-book ratio. Five years on, and after meeting internal management and external economic challenges, Wing Lung has 44 branches in Hong Kong, making it the third-largest mainland bank in the city by branch network.

via Business feed http://www.scmp.com/business/banking-finance/article/1320761/cmb-purchase-gives-wing-lung-new-lease-life