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OCBC warned of painful Wing Hang restructuring

Macquarie draws parallel with DBS acquisition of Dao Heng, saying OCBC faces risk of significant goodwill impairment

Published Fri, Jul 18, 2014 · 10:00 PM

Singapore

OCBC Bank's proposed acquisition of Wing Hang Bank is a replay of DBS's purchase of Dao Heng Bank that took "painful restructuring", says a Macquarie report.

"Watching all of history repeat itself," says the 85-page report, which cautioned against Singapore banks making the same expansion mis-steps as their multi-national peers.

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