OCBC rights issue attracts strong interest
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OCBC Bank on Monday said its fully subscribed rights issue has attracted overwhelming response.
The bank had in August offered one rights share for every eight existing shares held at S$7.65 apiece, to raise S$3.37 billion that would go towards its S$6.2 billion acquisition of Hong Kong's Wing Hang Bank.
The issue price represented a discount of 25 per cent to the closing price of S$10.20 per share at the point of the offer.
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