Oversea-Chinese Banking Corporation Limited

Singapore: OCBC Wing Hang Bank sells stake in Hong Kong Life for S$425.8m

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OCBC Wing Hang is divesting its stake in Hong Kong Life Insurance Limited.

Hong Kong cityscape. Image Credit: Wikimedia Commons
A view of the exterior of the Barclays U.S. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015.  REUTERS/Mike Segar
DBS, OCBC and Julius Baer submit bids for Barclays Asia wealth unit

Singapore’s DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays‘ Asian private wealth business, people familiar with the matter said. First-round bids for the Singapore-based unit, which bankers value at around $600 million, were submitted last week, said the people,… Read more »

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Genting Singapore’s secures $1.66 b in bank loans

Genting Singapore PLC said its subsidiary – Resorts World at Sentosa Pte. Ltd (RWS) – had secured syndicated senior secured credit facilities of S$2.27 billion ($1.66 billion). The new loan will be used for refinancing Resorts World at Sentosa’s existing facilities of S$4.1925 billion obtained in 2011. The five-year loan consists… Read more »