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OCBC extends talks on Wing Hang takeover

Exclusivity period for discussions on potential acquisition of HK bank stretched to March 3 from Jan 31

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Published Fri, Jan 24, 2014 · 10:00 PM

    Singapore

    EXCLUSIVE talks for a potential takeover of Hong Kong's Wing Hang Bank by OCBC Bank will now take longer.

    In an annoucement yesterday, OCBC said that the substantial shareholders of Wing Hang and it have agreed to extend the exclusivity period to March 3 from Jan 31. This is to "seek to finalise the terms for the possible offer".

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