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OCBC gets requisite nods for Wing Hang takeover
Published Fri, Jun 27, 2014 · 10:00 PM
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Singapore
OVERSEA-Chinese Banking Corp Ltd (OCBC) said all the pre-conditions to an agreement to buy Hong Kong's Wing Hang Bank Ltd had been satisfied, as various regulators had given their blessing to the US$4.95 billion deal.
OCBC, Singapore's second-largest lender, said the parties had received approvals from the Hong Kong Monetary Authority, Monetary Authority of Singapore, Hong Kong's Securities and Futures Commission, Insurance Authority and Mandatory Pro…
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