Deals Rumor Mill: BOC Hong Kong, Sysco, Lions Gate

By Benjamin Horney (January 29, 2015, 5:52 PM EST) -- Bank of China Ltd. unit BOC Hong Kong Holdings Ltd. is exploring a potential $6 billion sale of Nanyang Commercial Bank, which currently boasts 42 branches in Hong Kong, according to a Reuters report Thursday. The sale is meant to help make business more efficient for both Nanyang, BOC and parent company Bank of China, the report said, as the many banks owned by Bank of China have begun to overlap and create unnecessary competition within the larger company. China Cinda Asset Management Co. Ltd. is one potential suitor, the report said....

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