You are here

Patience needed for Wing Hang to bloom

BT_20140820_LSHOCK20_1230576.jpg
Mr Tsien: Took pains to point out that OCBC's China exposure is actually rather small and to not trumpet the deal as 'transform- ational'. - PHOTO: BLOOMBERG

EIGHT months on since OCBC Bank said it was in exclusive talks to buy Hong Kong's Wing Hang Bank, the process has run smoothly and Monday's rights issue announcement has capped a successful acquisition. Even an attempt by American hedge fund Elliott Management Corp last month to try and squeeze

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom