OCBC, UOB said to be courting Wing Hang Bank

OVERSEA-CHINESE Banking Corporation (OCBC) is considering a bid for Wing Hang Bank, with United Overseas Bank (UOB) reportedly also eyeing the Hong Kong bank.

A Bloomberg report said that OCBC has been studying an offer for Wing Hang for more than two weeks.

OCBC declined to comment on the matter.

UOB spokeswoman Tan Ping Ping said: "We are not commenting on market rumours or speculation."

CIMB head of research Kenneth Ng said: "It's not totally surprising that the two Singapore banks are rumoured as...

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