Edition:
United Kingdom

Oversea-Chinese Banking Corp Updates On OCBC Wing Hang Bank's Sale Of Stake In Hong Kong Life Insurance


Monday, 1 Oct 2018 

Oct 1 (Reuters) - Oversea-Chinese Banking Corporation Ltd ::UPDATES ON OCBC WING HANG BANK LIMITED'S SALE OF 33.33% STAKE IN HONG KONG LIFE INSURANCE.OCBC WING HANG BANK TOGETHER WITH OTHER SELLERS TERMINATED SALE OF 33.33% STAKE IN CAPITAL OF HONG KONG LIFE INSURANCE.OVERSEA-CHINESE BANKING CORPORATION - AGGREGATE DEPOSIT OF HK$710 MILLION PAID BY PURCHASER FORFEITED IN FAVOUR OF SELLERS.AGREEMENT WITH FIRST ORIGIN INTERNATIONAL LTD TERMINATED DUE TO CONDITIONS NOT BEING SATISFIED.