SUBSCRIBERS
OCBC's takeover bid for Wing Hang now 'unconditional'
Published Fri, Jul 4, 2014 · 10:00 PM
Singapore
OCBC Bank said yesterday that its takeover bid for Wing Hang Bank has become "unconditional" now that it holds over half of the family-owned Hong Kong lender's shares.
In a regulatory filing to the Singapore Exchange, OCBC said it has an interest in 50.4 per cent of Wing Hang's issued share capital as of yesterday, mainly through acceptances of its offer. This means that OCBC's offer is no longe…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines