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Oversea-Chinese Banking Corp - cash offer to acquire Wing Hang Bank for US$4.95 billion

02 Apr 2014

Slaughter and May, Hong Kong, is advising Oversea-Chinese Banking Corporation Limited, the second largest financial services group in Southeast Asia by assets, on its pre-conditional voluntary general cash offer through its wholly owned subsidiary, OCBC Pearl Limited, to acquire the entire issued share capital of Wing Hang Bank, Limited (WHB).

The offer, which was announced on 1 April 2014, is for a total estimated value of HK$38,428 million (US$4.95 billion), or HK$125 per WHB share.

CONTACTS

Corporate and Commercial: Neil Hyman (partner), Clara Choi (partner), John Cartwright (associate), Gloria Hsu (associate), Jack Tsang (associate)

Matter Type
M&A: Acquiror's Counsel
Industry
Finance & Banking
News Category
Banking & Finance
M&A