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.

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