ANZ, Singapore’s UOB Eye Hong Kong’s Wing Hang Bank
According to people familiar with the matter, Singapore’s United Overseas Bank Ltd and Australia & New Zealand Banking Group Ltd are considering a bid for Hong Kong’s Wing Hang Bank. With a market capitalization of $4.7B, Wing Hang announced earlier this month that its controlling shareholders had received preliminary offers from independent third parties to purchase their shares in the bank. It did not name the bidders.
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