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OCBC closing in on Wing Hang buy after getting HKMA nod: sources

Published Fri, Mar 28, 2014 · 10:00 PM
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Hong Kong

OVERSEA-Chinese Banking Corp is nearing an agreement to acquire Wing Hang Bank Ltd, Hong Kong's second-largest family-run bank, after securing preliminary approval from the city's banking regulator, according to people familiar with the matter.

The purchase of Wing Hang, which has a market value of HK$35 billion (S$5.7 billion), could be announced as soon as early next…

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