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 »
By Shiwen Yap
OCBC Wing Hang is divesting its stake in Hong Kong Life Insurance Limited.
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 »