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The story
The HKCB Bank Holding Company Limited was incorporated in 1992 (and registered as a foreign company in Hong Kong on 20 October 1992). In 2001, the subsidiary Hongkong Chinese Bank was sold to CITIC Ka Wah Bank for HK$4.2 billion. The holding company itself was renamed to Hongkong Chinese Limited on 8 February 2002. In the same year 85% shares of Macau Chinese Bank and 85% stake of ImPac Asset Management were acquired, for MOP$190 million (from Finibanco and Alvaro Pinho da Costa Leite) and US$2.125 million (from ImPac Partners) respectively. An additional 15% shares of the bank were acquired from Wong Kon Kei in September 2007, for MOP$47.2 million. In the same year Hongkong Chinese Limited proposed to sell 60% shares of the intermediate holding company of the bank, Winwise Holdings Limited. However, the deal collapsed.
In 2006 Hongkong Chinese Limited, partnering Argyle Street Management, acquired Kim Seng Plaza, Singapore.
In June 2015, 49% shares of Macau Chinese Bank was sold to Chinese state-owned Nam Yue Group (40%) and Yang Jun (9%) respectively for MOP$441 million. Hongkong Chinese Limited remained as the major shareholder for 51% shares. In October 2015, an additional 31% shares were sold to Nam Yue Group (16%) and Wong Kar Ho (15%) for MOP$279 million, subject to the approval of the Monetary Authority of Macau.
From Wikipedia’s article on Hongkong Chinese Limited, shared under CC BY-SA 4.0.4