Mergers & Acquisitions

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

Local lender Wing Hang will de-list when the deal with Singapore's Oversea-Chinese Banking Corp is completed. Photo: Dickson Lee

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 Kong, to tap into increasing money flows between Southeast Asia and China.

Wednesday, 2 April, 2014, 1:10am

OCBC-Wing Hang Bank takeover deal a question of price

Wing Hang Bank is in exclusive talks with OCBC about a possible acquisition by the Singapore bank. Photo: Sam Tsang

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.

20 Jan 2014 - 5:11pm

OCBC of Singapore weighing bid for Hong Kong family-run Wing Hang Bank

Wing Hang Bank headquarters in Central. Photo: Dickson Lee

Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, is considering a bid for Wing Hang Bank, people familiar with the matter said.

25 Oct 2013 - 2:51am

China M&A finance goes global with CNOOC, Citic Securities

CNOOC''s acquisition of Canadian oil and gas company Nexen is China''s biggest foreign takeover. Photo: Reuters

An interesting new trend has major Chinese firms financing their global expansions with mega bond offerings.

6 May 2013 - 11:36am

NWS seeks to splash cash for acquisitions overseas

NWS seeks to splash cash for acquisitions overseas

Infrastructure and services conglomerate NWS Holdings, which was sitting on more than HK$6 billion in cash at the end of 2012, is looking at acquisitions in Britain, Europe and Australia, according to the company's executive director, Tsang Yam-pui.

27 Feb 2013 - 4:44am

Daimler seeking stake in China's BAIC Group

Daimler's new Mercedes-Benz truck is unveiled in Munich. Photo: Reuters

German carmaker Daimler is planning to buy a 10 to 20 per cent stake in the passenger car unit of its Chinese partner BAIC Group, a report said on Friday.

31 Jan 2013 - 3:49pm

Yahoo! buys scrapbook website

Yahoo! Has confirmed that it bought, a young San Francisco startup that lets people create scrapbooks with pictures, articles, videos and other content found online.

“The team created an innovative technology that lets people share content in a social and fun way,” Yahoo! vice president of product Mike Kerns said in a statement.

23 Jan 2013 - 1:41pm

Charoen close to winning F&N battle

A protracted battle for control of Singapore conglomerate Fraser and Neave is finally ending. Photo: Reuters

Thailand's richest man has come closer to winning control of Fraser & Neave after a rival group failed to top his S$13.8 billion (HK$87 billion) offer for the 130-year-old property and beverage company.

23 Jan 2013 - 2:17am

Fubon banks on cross-strait thaw

The ongoing thaw in relations between China and Taiwan has helped increase trust between the former pair of Cold War adversaries, but hopes for a boom in cross-strait M&A have yet to materialise as lingering suspicions remain.

28 Dec 2012 - 1:21pm