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  • August 31, 2014
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  1. The grade escape

    Posted Sep 26th 2007, 12:00am by Hang Lijia

    ... university fees that she hanged herself. Just after Li died, a letter from the university arrived to explain there were loans available for poor students. It's unclear how many students can benefit from the reduced fees and scholarships offered by universities, or the loans that have been introduced by state banks in recent years. The Beijing Evening News last week reported that when ...

  2. Business - Banking & Finance - ACQUISITIONS

    Singapore's OCBC wraps up takeover of Wing Hang Bank

    Posted Jul 30th 2014, 01:25am by DON WEINLAND

    ... deal for Wing Hang control Singapore's Oversea-Chinese Banking Corp completed its buyout of Wing Hang Bank yesterday for HK$38.4 billion and now plans to take the Hong Kong lender private. OCBC, Southeast Asia's second-largest bank, now owns 97.52 per cent of Wing Hang, the banks said in a joint statement filed with the Hong Kong stock exchange. The city's regulations ...

  3. Business - Companies

    OCBC to rename Wing Hang and raise S$3.37 billion in equity capital

    Posted Aug 19th 2014, 10:37am by DON WEINLAND

    ... Don Weinland don.weinland@scmp.com Oversea-Chinese Banking Corporation said on Monday it will rebrand Wing Hang Bank as OCBC Wing Hang, complete with a new logo effective on October 1, ... in October, the bank said. The Wing Hang brand will remain intact at mainland branches until a later date. OCBC’s plan for raising capital, Asia’s fourth-biggest equity capital raising this year, ...

  4. Business - Banking & Finance - BANKING

    OCBC unfazed by hedge fund's stakebuilding in Wing Hang Bank

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... Bloomberg in Singapore OCBC unfazed by Wing Hang moves Oversea-Chinese Banking Corp, which is buying Wing Hang Bank, achieved the "most important thing" by gaining control ... and Bank of New York Mellon. Billionaire Paul Singer's Elliott Capital said last week it raised its stake in Wing Hang, which Mizuho Securities Asia said could put pressure on OCBC to raise ...

  5. Business - Banking & Finance - ACQUISITIONS

    OCBC chief Samuel Tsien confident on Wing Hang deal schedule

    Posted Jun 30th 2014, 01:40am by George Chen

    ... upbeat on Wing Hang schedule Oversea-Chinese Banking Corp, Southeast Asia's second-largest bank by assets, is confident that its proposed acquisition of Wing Hang Bank- one of the few ... banks, said Tsien, a former senior executive of Bank of America and China Construction Bank in Hong Kong. In April, OCBC announced an offer of HK$38.4 billion to fully acquire Wing Hang ...

  6. Business - Banking & Finance

    OCBC edges nearer to Wing Hang full control

    Posted Jul 25th 2014, 01:35am by Bloomberg

    ... Bloomberg in Singapore OCBC edges nearer to Wing Hang full control Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, moved closer to a full takeover of Wing Hang ... direction," Mizuho analyst Jim Antos said. For minority shareholders, "HK$125 is a more than a fair price for Wing Hang Bank. Looking at the history of bank mergers in Hong Kong, it's a fair ...

  7. Business - Banking & Finance - TAKEOVERS

    Singapore’s OCBC to buy Wing Hang Bank for HK$38.4b

    Posted Apr 01st 2014, 08:33am by KANIS LI

    ... HK$38b for Wing Hang Bank Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, has offered HK$38.4 billion to fully acquire Wing Hang Bank, the eighth-largest lender in Hong ... of Wing Hang, the second-largest family-controlled lender in the city after Bank of East Asia, gives OCBC an additional 70 branches in China- 42 in Hong Kong, 15 on the mainland and 13 in Macau- ...

  8. Business - Banking & Finance - EARNINGS

    Wing Hang Bank increases net profit 21.3pc to record HK$2.19 billion

    Posted Mar 06th 2014, 01:05pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com Wing Hang net rises 21.3pc to record Wing Hang Bank, the second-largest family-controlled lender in the city, made record profits last year because of higher net interest income and capital gains from the disposal of properties and financial assets. Net profit for Wing Hang, which is negotiating with Singapore's Oversea-Chinese Banking Corp ...

  9. Business - Banking & Finance - ACQUISITIONS

    OCBC extends Wing Hang Bank talks

    Posted Jan 25th 2014, 05:29am by Bloomberg

    ... Bloomberg in Singapore OCBC extends deadline for Wing Hang Bank deal Oversea-Chinese Banking Corp has extended exclusive talks to buy Wing Hang Bank beyond a January 31 deadline, Wing Hang ... biggest banking acquisition since 2001 as chief executive Samuel Tsien accelerates expansion overseas. A purchase of Wing Hang would leave Hong Kong with two family-owned lenders, after Chong Hing ...

  10. Business - Banking & Finance - ACQUISITIONS

    OCBC-Wing Hang Bank takeover deal a question of price

    Posted Jan 17th 2014, 02:35pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com While city lender wants more, Singapore group fears making goodwill charges after takeover OCBC-Wing Hang deal a question of price Oversea-Chinese Banking Corp's plan to take over Wing Hang Bank, the city's second-largest family-controlled bank, raises the question of what would be a reasonable price for both parties to gain from the deal. ...




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