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OCBC seen securing funds for HK bid

Prudent cash management points to a combination of cash and debt

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Published Mon, Jan 13, 2014 · 10:00 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    OCBC Bank is said to be getting its war chest ready for a proposed takeover of Hong Kong's Wing Hang Bank and talking to several banks about the funding.

    Under takeover rules in Hong Kong, the acquirer has to show it has enough cash or financial ability to launch a deal, said a source.

    Later, OCBC can decide how it wants to finance the transaction, the source added.

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