UCBH Holdings, Inc. has announced the opening of United Commercial Bank (China) Limited (UCBC). United Commercial Bank (UCB), a subsidiary of UCBH Holdings, completed the acquisition of Business Development Bank Ltd. (BDB) in December 2007 and renamed it to UCBC, which now operates as a subsidiary of UCB. Headquartered in Shanghai, UCBC has branch in Shantou and representative offices in Beijing and Guangzhou.

UCBH Holdings has completed the sale of approximately 5.4 million newly-issued shares of its common stock to China Minsheng Bank at a price of $17.79 in early March. This sale represents the first phase of a strategic agreement between UCBH and Minsheng, announced on October 7, 2007, whereby Minsheng will acquire an aggregate 9.9% ownership interest in UCBH, with a mutual option to increase the ownership to 20.0%.

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