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PR Newswire
22-03-2014, 09:29 PM
The deal doesn't seem promising, IMO.
(not vested)
OCBC says it has not finalised terms on Wing Hang deal
SINGAPORE — Oversea-Chinese Banking Corporation said yesterday that it has not entered into any binding agreement on its offer to take over Hong Kong’s family-run Wing Hang Bank, after having extended the deadline for the deal twice in the past two months.
The current deadline for the exclusivity period for the deal expires on March 31, after having been extended from March 3 and the original Jan 31.
Discussions are ongoing and no definitive terms or formal legal documentation for the possible offer have been agreed on at this stage, the Singapore lender said yesterday.
OCBC did not mention whether the period for finalising the terms of the deal has been extended again.
...
http://www.todayonline.com/business/ocbc...-hang-deal
(not vested)
OCBC says it has not finalised terms on Wing Hang deal
SINGAPORE — Oversea-Chinese Banking Corporation said yesterday that it has not entered into any binding agreement on its offer to take over Hong Kong’s family-run Wing Hang Bank, after having extended the deadline for the deal twice in the past two months.
The current deadline for the exclusivity period for the deal expires on March 31, after having been extended from March 3 and the original Jan 31.
Discussions are ongoing and no definitive terms or formal legal documentation for the possible offer have been agreed on at this stage, the Singapore lender said yesterday.
OCBC did not mention whether the period for finalising the terms of the deal has been extended again.
...
http://www.todayonline.com/business/ocbc...-hang-deal
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡