Business

Thu May 29 03:02:57 PDT 2008

(Corrects to fix typo in Wing Lung in headline)

TIANJIN, May 29 (Reuters) – Australia and New Zealand Banking Group CEO Michael Smith said on Thursday that his bank is still in the running for Hong Kong’s mid-tier Wing Lung Bank <0096.HK> and sees its fair price at closer to two time than three times its book value.

"The bidding hasn’t finished, so let’s see what happens," Smith said on the sidelines of an economic conference in Tianjin.

(Reporting by Simon Rabinovitch; editing by Ken Wills)

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