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Deals Rumor Mill: China Cinda, Quatrro Global, Puerto Rico

By Benjamin Horney (August 26, 2015, 8:11 PM EDT) -- China Cinda Asset Management Co. has made an offer to buy Bank of China Hong Kong Holdings Ltd.'s Nanyang Commercial Bank unit, according to a Wednesday report from The Wall Street Journal. Bank of China Hong Kong put the unit up for sale in mid-July and is hoping to net HK$68 billion ($8.8 billion) in the deal, an amount that Wednesday's report said would make the deal the "largest sale of a Hong Kong-based bank ever." At least one bidder dropped out ahead of Tuesday's submission deadline, which could have been Chinese investment firm Yue Xiu, according to a late Wednesday report from Reuters....

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