China Resources Said to Enter Fray for $8.8 Billion Nanyang Bank

China Resources Holdings Co., the conglomerate that controls the nation’s most popular beer brand, is joining the bidding for Hong Kong lender Nanyang Commercial Bank Ltd., people with knowledge of the matter said. China Resources, which bankrolled Nanyang’s founding more than half a century ago, is among suitors weighing binding offers for the lender by next month’s deadline, according to the people. It is vying with bad-loan manager China Cinda Asset Management Co., which is also considering a bid, the people said, asking not to be identified as the information is private.