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Wing Hang Bank

Wing Hang Bank branches give Singapore’s OCBC leg-up in China after merger

11 Apr 2016 - 7:59PM

New | OCBC targets China business after Wing Hang deal

22 Mar 2015 - 8:21PM

OCBC chief Samuel Tsien confident on Wing Hang deal schedule

30 Jun 2014 - 8:01AM

Analysis | Acquisitions no easy way for Singaporean banks to win in Hong Kong, mainland China

Can Singaporean banks win more business in Hong Kong or even in the much bigger mainland market simply through high-cost acquisitions?

7 Apr 2014 - 8:37AM

Questions have been raised over the price OCBC paid in taking over Wing Hang Bank. Photos: AFP, Bloomberg

Fitch puts OCBC on negative watch after Wing Hang deal

Credit rating agency Fitch Ratings has placed Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, on negative watch, citing higher potential exposure to China, after the bank announced a HK$38.4 billion takeover of Hong Kong's Wing Hang Bank.

4 Apr 2014 - 5:24AM

Singapore’s OCBC to buy Wing Hang Bank for HK$38.4b

Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, has offered HK$38.4 billion to fully acquire Wing Hang Bank, the eighth-largest lender in Hong Kong, to tap into increasing money flows between Southeast Asia and China.

2 Apr 2014 - 1:10AM

Wing Hang Bank increases net profit 21.3pc to record HK$2.19 billion

7 Mar 2014 - 12:52AM

Wing Hang Bank said it will continue to focus on its yuan businesses. Photo: Dickson Lee

OCBC extends Wing Hang Bank talks

Oversea-Chinese Banking Corp has extended exclusive talks to buy Wing Hang Bank beyond a January 31 deadline, Wing Hang said yesterday. Sources said that while the banks had largely agreed on financial terms, OCBC was seeking a go-ahead from the Hong Kong Monetary Authority before announcing a deal.

25 Jan 2014 - 6:56AM

OCBC-Wing Hang Bank takeover deal a question of price

Oversea-Chinese Banking Corp's plan to take over Wing Hang Bank, the city's second-largest family-controlled bank, raises the question of what would be a reasonable price for both parties to gain from the deal.

20 Jan 2014 - 5:11PM

Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

Australia and New Zealand Banking (ANZ), Australia's third-largest bank by market value, aims to build itself into a regional bank in Asia, but an acquisition in Hong Kong is not part of its plans.

15 Jan 2014 - 8:40AM

Michael Smith, in a panel discussion during the Asian Financial Forum, said he prefers a regional banking model. Photo: Bloomberg

More than HK$40b to take Wing Hang Bank private, says source

Wing Hang Bank's potential suitors may need to pay more than HK$40 billion to take the city's second-largest family-owned bank private. More than three parties were talking to Wing Hang, a person familiar with the situation said.

4 Dec 2013 - 6:12AM

The family of chairman and chief executive Patrick Fung Yuk-bun and Bank of New York together control 45 per cent of Wing Hang Bank.

Anbang considers bids for Wing Hang

Anbang Insurance is among companies considering bids for Wing Hang Bank, Hong Kong's second-largest family-run lender, according to sources.

29 Nov 2013 - 4:43AM

Chinese buyer seen as negative for Wing Hang

Wing Hang Bank, Hong Kong’s second-largest family-owned lender, which is in takeover talks, would likely have its credit rating downgraded if the acquirer was based on the mainland, Moody’s Investors Service said.

31 Oct 2013 - 2:55AM

Wing Hang Bank manager convicted of stealing data on thousands of customers

A Wing Hang Bank manager was yesterday found guilty of stealing the personal information of more than 10,000 clients, including borrowing histories, from the bank's computer database.

1 Oct 2013 - 3:43AM

A branch of Wing Hang Bank in Wan Chai. Photo: Warton Li

UOB, ANZ may bid for Wing Hang Bank

Singapore's United Overseas Bank and Australia & New Zealand Banking Group are believed to be considering a bid for Hong Kong's Wing Hang Bank. Wing Hang, which has a market capitalisation of US$4.7 billion, announced 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.

29 Sep 2013 - 5:21AM

Wing Hang shares soar on takeover approach

Wing Hang Bank's shares rocketed nearly 40 per cent yesterday after it said its top shareholders had been approached by potential buyers of their stakes, igniting speculation that smaller rival Dah Sing Bank might be next.

18 Sep 2013 - 2:40PM

Wing Hang Bank net falls but beats forecasts

Wing Hang Bank, the second-largest family-owned bank in the city by market capitalisation, expects net profit to grow this year as its margins improve.

16 Aug 2013 - 3:41AM

Hong Kong's family-owned banks struggle with succession as top executives age

Succession plans at family-owned banks in the city remain uncertain with top executives at Bank of East Asia and Wing Hang Bank already older than 65 years of age.

27 Jul 2013 - 5:11AM

Regulation makes succession planning difficult. Photos: Bloomberg

Wing Hang generous on payment despite 16pc decline in net profit

Wing Hang declared a final dividend of HK$1.62 per share, which works out to a dividend payout ratio of 35 per cent for last year, up from 25 per cent in 2011.

8 Mar 2013 - 5:37AM

Wing Hang Bank gets approval to evict Carson Yeung from The Peak

1 Feb 2013 - 4:09AM

Robber runs into police while fleeing bank

22 Nov 2008 - 12:00AM

Wing Hang Bank sells former office space

12 Sep 2007 - 12:00AM

Wing Hang earnings up 17pc on loan growth

17 Aug 2007 - 12:00AM

Wing Hang Bank aims to increase return on equity

23 Apr 2007 - 12:00AM

Wing Hang to issue US$300m bonds for mainland acquisitions

11 Apr 2007 - 12:00AM

Wing Hang sets sights on asset acquisitions

16 Mar 2007 - 12:00AM

Record gain for Wing Hang Bank

18 Aug 2006 - 12:00AM

Property boom fuels Wing Hang expansion

14 Mar 2006 - 12:00AM

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Wing Hang Bank

Wing Hang Bank was founded in 1937. It was incorporated as a banking company in 1960, and has branches in Hong Kong, Macau and representative offices in China.

Chairman / President

Khoo Cheng Hoe Andrew

CEO / Managing Director

Wang Ke

CFO / Finance Director

Leong Whye Wah

Industry

Banking

Website

ocbc.com.hk

Headquarters address

161 Queen's Road Central, Hong Kong

Stock Code

SEHK:0302

Year founded

1937

last updated:

30 September, 2024