OCBC raises $2.7b in rights issue

The rights issue will help fund the Singaporean bank's $4.99 billion acquisition of Wing Hang Bank, one of Hong Kong's last remaining family-run lenders.

Oversea-Chinese Banking Corp has raised S$3.37 billion ($2.7 billion) from a fully underwritten rights issue to help fund its acquisition of Hong Kong’s Wing Hang Bank.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media