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OCBC-Wing Hang deal draws mixed reactions

S&P affirms bank's rating, Moody's sees possible downgrade

OCBC Bank's HK$38.4 billion (S$6.23 billion) purchase of Wing Hang Bank seems to have drawn mixed reviews from rating agencies and analysts, citing dilution to shareholders.

Analysts are expecting a rights issue, with estimates ranging from $2 billion to $5 billion to repair the bank's...

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