Moody's casts doubt over OCBC's Wing Hang plan

It says strategy for proposed acquisition not clear

MOODY'S Investors Service has raised some doubts over the proposed bid by OCBC Bank to acquire Wing Hang Bank, suggesting that the premium pegged to the Hong Kong lender may be too high.

OCBC has kept mum on its actual bid, though its interest was announced earlier this month. Analysts are expecting OCBC...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to