You are here

Wing Hang may dive if bid is hindered

Under HK rules, OCBC needs 90% of shares to delist firm

SHARES of Wing Hang Bank Ltd, a Hong Kong lender being taken over by Oversea-Chinese Banking Corp, could fall as much as 40 per cent if OCBC doesn't garner enough stock to delist the company, Credit Suisse Group AG said.Under Hong Kong rules, Singapore-based OCBC needs to own at least 90 per