• Sat
  • Jul 12, 2014
  • Updated: 5:02pm

Wing Hang Bank

Wing Hang Bank was founded in 1937. It was incorporated as a banking company in 1960, and has branches in Hong Kong, Macau and representative offices in China.

OCBC chief Samuel Tsien confident on Wing Hang deal schedule

Oversea-Chinese Banking Corp, Southeast Asia's second-largest bank by assets, is confident that its proposed acquisition of Wing Hang Bank will be completed by the third quarter of this year despite some growing concerns about the deal's valuation.

Monday, 30 June, 2014, 8:01am

Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

Can Singaporean banks win more business in Hong Kong or even in the much bigger mainland market simply through high-cost acquisitions?

7 Apr 2014 - 8:37am

Fitch puts OCBC on negative watch after Wing Hang deal

Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.

4 Apr 2014 - 5:24am

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

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.

2 Apr 2014 - 1:10am

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

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 on the terms of a possible sale, jumped 21.3 per cent to HK$2.19 billion.

7 Mar 2014 - 12:52am

OCBC extends Wing Hang Bank talks

Oversea-Chinese Banking Corp has extended exclusive talks to buy Wing Hang Bank beyond a January 31 deadline, Wing Hang said yesterday. Sources said that while the banks had largely agreed on financial terms, OCBC was seeking a go-ahead from the Hong Kong Monetary Authority before announcing a deal.

25 Jan 2014 - 6:56am

OCBC-Wing Hang Bank takeover 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.

20 Jan 2014 - 5:11pm

Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

Australia and New Zealand Banking (ANZ), Australia's third-largest bank by market value, aims to build itself into a regional bank in Asia, but an acquisition in Hong Kong is not part of its plans.

15 Jan 2014 - 8:40am

More than HK$40b to take Wing Hang Bank private, says source

Wing Hang Bank's potential suitors may need to pay more than HK$40 billion to take the city's second-largest family-owned bank private. More than three parties were talking to Wing Hang, a person familiar with the situation said.

4 Dec 2013 - 6:12am

Anbang considers bids for Wing Hang

Anbang Insurance is among companies considering bids for Wing Hang Bank, Hong Kong's second-largest family-run lender, according to sources.

29 Nov 2013 - 4:43am