OCBC completes Wing Hang Bank acquisition, boosts Bank of Singapore’s China presence

30 July 2014 | 2 minutes read

After making bids for the Hong Kong bank earlier this year, Singaporean lender OCBC announced the completion of the US$5 billion takeover of Wing Hang Bank, now owning 97.5%. In a statement to Hong Kong’s stock exchange yesterday, OCBC, Southeast Asia’s second-larger lender, revealed plans to delist Wing Hang bank. Since the acquisition crossed the 90 percent mark, OCBC is entitled…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]