OCBC is well positioned to expand its market share internationally, with heavy investment in key growth regions of Asia. The Wing Hang acquisition bolstered the bank's U.S.-dollar-denominated and ...
Judge says court believes Sidney Siu was deceived by investor, but slams him for negligence and lack of financial awareness.
OCBC acquired Wing Hang Bank in 2014 to accelerate its entry into Hong Kong, Macau and the mainland. Last year, Hong Kong and Macau contributed 21 per cent of the bank's pre-tax profit.
OCBC has also shown discipline in its acquisitions over the past years, including Wing Hang Bank in Hong Kong. Despite a hedge fund accumulating a sizable stake in Wing Hang after OCBC's takeover ...
“The global economic environment remains challenging,” stated Lee Ka-shing, an economist at OCBC Wing Hang Bank. “Without ...