30 July 14 | The Straits Times by FIONA CHAN SENIOR ECONOMICS CORRESPONDENT
OCBC Bank has succeeded in its $6.23 billion bid to acquire Hong Kong's Wing Hang Bank, a triumphant conclusion to the biggest takeover the Singapore lender has ever launched.
By the close of the voluntary offer for Wing Hang at 4pm yesterday, the offer had been accepted by 97.52 per cent of the Hong Kong bank's shareholders, allowing OCBC to take Wing Hang private, it said in a statement.
30 July 14 | The Business Times
INVESTORS have tapped funds as investment vehicles for decades, but their penetration among high net worth individuals may be lower than you might expect.
Fund investments among the wealthy are, however, rising, says Chandrima Das, Bank of Singapore managing director and head of fund solutions. This is partly due to a growing awareness of the importance of a portfolio approach to investments.
30 July 14 | The Business Times by HAREN SHAH
SOME call it listless, boring, or just generally trendless, but so far 2014 has not worked out the way many had expected. Up to date this year, the performance of global equity markets has been patchy and seems at times inconsistent to the fundamentals. This of course can be attributed to the fact that we continue to get unexpected events that have affected sentiment or the market's misperception...