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OCBC’s Wing Hang buyout trebles contribution from Greater China, Banking & Finance

OCBC’s Wing Hang buyout trebles contribution from Greater China, Banking & Finance

Singapore OCBC has seen a tripling of its Greater China earnings contribution over the last five years on the back of its US$5 billion Wing Hang acquisition in 2014, with the piping of OCBC’s regional…

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Analysts flag potential M&A risks in OCBC’s rumoured Permata buy, Banking & Finance

Analysts flag potential M&A risks in OCBC’s rumoured Permata buy, Banking & Finance

Singapore SOME analysts are raising acquisition risks behind the reported interest by OCBC to snap up most of Indonesian lender Bank Permata, warning that these pressures could weigh on the bank’s shares in the near…

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Importance of Hong Kong will not diminish: OCBC CEO, Banking & Finance

Importance of Hong Kong will not diminish: OCBC CEO, Banking & Finance

Singapore THE backdrop seemed dismal as protesters turned mobbish at some point amid police clashes, crippling much of international travel into Hong Kong over two days. But OCBC’s chief executive officer, Samuel Tsien, was an…

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Singapore dividend payout slides 11.6% to US$3.8b in Q2: index, Banking & Finance

Singapore dividend payout slides 11.6% to US$3.8b in Q2: index, Banking & Finance

Mon, Aug 19, 2019 – 5:06 PM DECELERATION in the world economy is beginning to take its toll on dividend payouts around the world, according to the latest Janus Henderson Global Dividend Index. In Singapore, US$3.8…

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HMI posts 11% fall in Q4 net profit to 13.5m yuan, Companies & Markets

HMI posts 11% fall in Q4 net profit to 13.5m yuan, Companies & Markets

Mon, Aug 19, 2019 – 8:27 PM HEALTH Management International (HMI) on Monday announced net profit fell 11 per cent to 13.5 million yuan (S$2.65 million) for the fourth quarter ended June 30, down from…

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Tasek takeover offer closes with Hong Leong Asia holding 88.16% stake, Companies & Markets

Tasek takeover offer closes with Hong Leong Asia holding 88.16% stake, Companies & Markets

Mon, Aug 19, 2019 – 8:42 PM HONG Leong Asia’s takeover offer for its Malaysian subsidiary Tasek closed at 5pm on Aug 19, with Hong Leong Asia holding an 88.16 per cent stake. In May,…

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