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