OCBC weighing bid for Wing Hang Bank: Source
PHOTO: OCBC weighing bid for Wing Hang Bank: Source
PUBLISHED ONOctober 23, 2013 11:15 PM
SINGAPORE - Oversea-Chinese Banking Corp Ltd (OCBC), Singapore's No. 2 lender by assets, is considering a bid for Hong Kong's Wing Hang Bank Ltd, a person with direct knowledge of the matter told Reuters on Thursday.
OCBC joins the list of potential suitors for Hong Kong's family run bank, including Agricultural Bank of China Ltd and Australia and New Zealand Banking Group Ltd.
An OCBC spokeswoman declined comment, while Wing Hang could not be reached for immediate comment. The source declined to be identified as the discussions are confidential.
Bloomberg first reported OCBC's interest in Wing Hang Bank.