Extract
Bank of China (Hong Kong) Limited (Merger) Ordinance
- CHAPTER 1167
BANK OF CHINA (HONG KONG) LIMITED (MERGER) ORDINANCE - LONG TITLE Long title VerDate:20/07/2001 An Ordinance to provide for the vesting in Po Sang Bank Limited of certain undertakings of Bank of China, The Kwangtung Provincial Bank, Sin Hua Bank Limited, The China & South Sea Bank Limited, Kincheng Banking Corporation, The China State Bank, Limited, The National Commercial Bank Limited, The Yien Yieh Commercial Bank Limited and Hua Chiao Commercial Bank Limited, the transfer of shares in each of Nanyang Commercial Bank Limited, Chiyu Banking Corporation Limited and BOC Credit Card (International) Limited to Po Sang Bank Limited and for other related purposes. [20 July 2001] (Originally 25 of 2001) BANK OF CHINA (HONG KONG) LIMITED (MERGER) ORDINANCE - PREAMBLE Preamble VerDate:20/07/2001 WHEREAS- (a) Po Sang Bank Limited (hereinafter called "Po Sang") is a company incorporated under the laws of Hong Kong; (b) Bank of China is a state-owned enterprise established under national law; (c) The Kwangtung Provincial Bank, Sin Hua Bank Limited, The China & South Sea Bank Limited, Kincheng Banking Corporation, The China State Bank, Limited, The National Commercial Bank Limited and The Yien Yieh Commercial Bank Limited (hereinafter called "the Mainland incorporated banks") are companies incorporated under national law; (d) each of the Mainland incorporated banks has a branch in Hong Kong; (e) The Kwangtung Provincial Bank has a branch in Shenzhen Special Economic Zone, the People's Republic of China and Sin Hua Bank Limited has a branch in Shenzhen Special Economic Zone, the People's Republic of China; (f) Nanyang Commercial Bank Limited (hereinafter called "Nanyang"), Hua Chiao Commercial Bank Limited (hereinafter called "Hua Chiao"), Chiyu Banking Corporation Limited (hereinafter called "Chiyu") and BOC Credit Card (International) Limited (hereinafter called "BOC-CC") are companies incorporated under the laws of Hong Kong; (g) Po Sang, Bank of China, the Mainland incorporated banks, Hua Chiao, Nanyang and Chiyu are all banks licensed under the Banking Ordinance (Cap 155) and carrying on the business of banking in Hong Kong and elsewhere; (h) Po Sang, Bank of China, the Mainland incorporated banks, Hua Chiao, Nanyang, Chiyu and BOC-CC are all members of the Bank of China Group; (i) for the better conduct of the businesses of the Bank of China Group, it is expedient that the respective undertakings of Po Sang, Bank of China Hong Kong Branch, the...See the full content of this document