Sale prompts "flying kangaroo" buying frenzy.
SG Asset Management strikes a JV with State Bank of India Fund Management.
Orix and MVC Corporation take combined 25% stake in the fixed income fund manager and front cash to seed new funds.
The move lifts Bank of East Asia''s asset base above the $20 billion threshold required by Beijing for foreign banks to establish new branch offices on the mainland.
The investment gives Deutsche on-the-ground access to e-business initiatives in China.
OCBC Bank acquires a 10% stake in Boom.com