Oversea-Chinese Banking Corporation Ltd (OCBC.SI)
|Market Cap (Mil.):||$36,062.25|
|Shares Outstanding (Mil.):||3,497.79|
SINGAPORE - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, plans to raise $2.7 billion from existing shareholders to boost capital after it acquired Hong Kong's Wing Hang Bank Ltd, and said it may look at more fund-raising.
SINGAPORE, Aug 18 - Oversea-Chinese Banking Corp said on Monday that it will be well capitalised after raising S$3.37 billion ($2.7 billion) via a rights issue following its acquisition of Hong Kong's Wing Hang Bank .
SINGAPORE, Aug 18 - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, said it plans to raise S$3.37 billion($2.7 billion) in a rights issue to strengthen its capital after the recent acquisition of Hong Kong's Wing Hang Bank Ltd.
Aug 8 - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email firstname.lastname@example.org.
SINGAPORE, Aug 5 - Oversea-Chinese Banking Corp , Singapore's second-biggest lender, posted a 54 percent rise in quarterly profit on Tuesday, beating expectations thanks to brisk loan growth and a strong performance from its insurance unit.
SINGAPORE, June 27 - Oversea-Chinese Banking Corp Ltd (OCBC) said all the pre-conditions to an agreement to buy Hong Kong's Wing Hang Bank Ltd had been satisfied, as various regulators had given their blessing to the $4.95 billion deal.
Oversea-Chinese Banking Corporation Ltd (OCBC), Wing Hang Bank and Bank of Singapore
RPT-Fitch Affirms Macao's Tai Fung and ICBC Macau; Maintains Rating Watch Positive on Banco Weng Hang
June 24 - (The following statement was released by the rating agency)
June 20 - (The following statement was released by the rating agency)
(The following statement was released by the rating agency) SINGAPORE, June 11 (Fitch) Fitch Ratings has assigned Oversea-Chinese Banking Corp's (OCBC) proposed US dollar-denominated Basel III-compliant Tier 2 capital securities an expected rating of 'A+(EXP)', on Rating Watch Negative (RWN). The final rating is subject to the receipt of final documentation conforming to information already received. KEY RATING DRIVERS The Basel III-compliant Tier 2 securities are rated one notch below OCBC's