Shanghai United Investment Corp (SUIC) has purchased a 15.09% stake in Bank of Shanghai, becoming its largest single shareholder, the Shanghai Securities News reported, citing the latest issue of Caijing magazine. The magazine did not report how much the government-owned investment body paid for the stake. An inside source at the bank stressed that the bank would remain independent and would continue to pursue a public listing. SUIC purchased half of the stake from Shanghai State-owned Assets Operation Co Ltd, ...