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Aberdeen sells its stake in Wing Hang to OCBC

OCBC moves closer to full takeover with shares from 3rd largest shareholder

ABERDEEN Asset Management plc, the third biggest shareholder in Wing Hang Bank Ltd, agreed to sell its shares in the lender to Oversea-Chinese Banking Corp (OCBC), moving the Singaporean buyer closer to a full takeover.

"We've tendered" the entire stake that Aberdeen held in Wing Hang,...

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