OCBC shares slump to 6-month low on HK bank plan

SHARES of OCBC Bank continued to be dogged by investor concern over plans to take over Hong Kong's Wing Hang Bank.

The counter closed at a six-month low yesterday, finishing the day at $9.75 - 12 cents or 1.2 per cent weaker. Earlier in the day, it had gone down as much as $9.73. Some 18.6 million shares changed hands.

Since rumours of the takeover broke on Friday, OCBC's stock has fallen a total of 43 cents or 4.2 per cent.