OCBC’s acquisition of Wing Hang Bank to bolster Bank of Singapore’s China business

1 April 2014 | 2 minutes read

With ambitions of increasing its profile in the Greater China region, Singapore’s second-largest lender, OCBC, buys Hong Kong lender, Wing Hang Bank, for US$4.9 billion. The Singaporean lender hopes the acquisition will strengthen its focus on “capturing capital, trade, investment and people flows associated with China” by utilising Wing Hang Bank’s network of 70 branches in Hong Kong, Macau and…

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