02.04.2014 04:08:00
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Wing Hang Bank, Limited -- Moody's places OCBC's ratings on review for downgrade on potential acquisition of Wing Hang Bank
Singapore, April 02, 2014 -- Moody's Investors Service has placed the long-term debt, deposit and standalone ratings of Oversea-Chinese Banking Corporation Ltd (OCBC) on review for downgrade. The rating action follows OCBC's announcement on 1 April that it has made a general offer to acquire 100% of Wing Hang Bank's shares.