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China Billionaire Couple To Buy Stake In Guangdong Bank

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Neoglory Holding Group, the main holding company of China billionaire couple Zhou Xiaoguang and Yu Yunxin, has received approval from the China Banking Regulatory Commission to buy a 17.3% stake in Guangdong Nanyue Bank, the government-published Securities Times reported today.  The report didn’t say how much Neoglory paid. Before Neoglory’s…

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