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OCBC Wing Hang sells stake in insurer for HK$2.3 billion

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Published Mon, Mar 20, 2017 · 09:50 PM

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Singapore

OCBC Bank on Monday announced that its wholly-owned subsidiary, OCBC Wing Hang Bank, has entered into a share sale agreement to sell its one-third stake in Hong Kong Life Insurance to private company First Origin International.

The consideration for the share sale is HK$2,366.7 million (about S$426 million), payable in cash.

OCBC

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