Oversea-Chinese to Buy 12.2% of China's Ningbo Bank (Update1) http://www.bloomberg.com/apps/news?pid=10000080&sid=aUER9Mc.k99A&refer=asia

Jan. 10 (Bloomberg) -- Oversea-Chinese Banking Corp., the smallest of Singapore's three banks, plans to buy a 12.2 percent stake in Ningbo Commercial Bank, becoming the first bank from the city-state to acquire shares in a Chinese lender.

To contact the reporter for this story: Kyunghee Park in Singapore at kpark3@bloomberg.net. Janet Ong in Shanghai jong3@bloomberg.net Last Updated: January 10, 2006 04:16 EST