The Royal Bank of Scotland Group and Legend Holdings have bought a combined 30-percent stake in Suzhou Trust Co, the South China Morning Post reported. RBS bought a 19.99-percent stake for 117.9 million yuan (US$17.3 million), the report said, citing a Suzhou Trust official.
Legend, parent of China's biggest maker of personal computers Lenovo Group Ltd, paid 59 million yuan for a 10-percent stake, it said. Suzhou Trust had net assets of 446 million yuan at the end of April, according to the report.
(Shanghai Daily July 21, 2008)
