GuangDong Development Bank
Guangdong Development Bank (simplified Chinese: traditional Chinese: pinyin: Gu¨£ngd¨ng F¨¡zh¨£n Yínháng, abbreviated) is a bank based in Guangzhou, Guangdong in People's Republic of China. The bank was established in September 1988 as a joint stock commercial bank.
Guangdong Development Bank is a mid-size national bank with more than 500 branches in China. Based in the Guangdong province bordering Hong Kong, GDB has assets of $47.9 billion, 12 million consumer customers, 9 million bank cardholders, 16,000 small and medium-sized business customers and 12,474 employees. Its problems seem to lie in weak capitalization and a history of bad loans.
Citigroup has a 20% stake, while IBM holds 4.74%, keeping the two American companies below the 25% threshold for overall foreign ownership. China Life and State Grid each owns 20%, CITIC Trust, 12.85% and Puhua will hold the remaining 8% of the equity sold.
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VINI (HONGKONG) GROUP CO., LTD
218 C 5/F,Jaffe Mans,218 Jaffe Road,Wan Chai,Hong Kong
Telephone: +852-3111-2324 Fax: +852- 3175-2567
Email: info@companiesregistry.org
http://www.companiesregistry.org/