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 Snip.it

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

“The Snip.it 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