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OCBC said to submit binding bid for HK's Wing Hang Bank
Published Fri, Jan 3, 2014 · 10:00 PM
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Singapore
OVERSEA-Chinese Banking Corp, South-east Asia's second- biggest lender, has made a binding bid for Hong Kong's family- run Wing Hang Bank Ltd, two people with knowledge of the matter said yesterday.
Singapore-based OCBC Bank conducted due diligence and offered less than the two times book value Wing Hang was seeking, said the p…
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