You are here

OCBC has 97.5% of Wing Hang in the bag

It will move to buy rest of shares and delist HK bank
Wednesday, July 30, 2014 - 06:00

OCBC is set for a full takeover of Wing Hang Bank, upon which it has staked its Greater China strategy. The bank said yesterday that it had secured 97.5 per cent of Wing Hang at the close of its offer.Because the percentage of acceptances of its S$6.2 billion offer crossed the 90 per cent mark,

Powered by GET.comGetCom