OCBC Wing Hang is divesting its stake in Hong Kong Life Insurance Limited.
By Shiwen Yap
The deal will expand OCBC’s mortgage loans business in Singapore and HK
With an initial equity capitalization of $1.45 billion the new fund will mainly invest in modern integrated industrial parks in first-tier and select tier-1.5 cities in China.
In a major move to explore the use of digital currency in Singapore, the city state’s central bank plans to launch a pilot project with the country’s stock exchange and eight local and foreign banks to use blockchain technology for interbank payments.
Australian startup Fincast has partnered with OCBC Bank while ResponSight has concluded a $880,000 funding from investment firms Cathona Capital and Black Sheep Capital.
CNMC Goldmine Holdings is setting up a research unit with Malaysia’s University of Malaya to support ongoing exploration activities while Great Eastern Holdings is selling its Vietnam business to FWD Life Insurance Company. CNMC Goldmine’s research unit Gold miner CNMC Goldmine Holdings is setting up a research unit with Malaysia’s University… Read more »
OCBC has partnered with NEST in launching a fintech accelerator unit aimed at developing a pipeline for potential acquisitions and innovation.