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Aberdeen sells its stake in Wing Hang to OCBC

OCBC moves closer to full takeover with shares from 3rd largest shareholder
Friday, July 25, 2014 - 06:00

ABERDEEN Asset Management plc, the third biggest shareholder in Wing Hang Bank Ltd, agreed to sell its shares in the lender to Oversea-Chinese Banking Corp (OCBC), moving the Singaporean buyer closer to a full takeover. "We've tendered" the entire stake that Aberdeen held in Wing Hang, Hugh

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