Asset Acquisitions and Disposals::Completion of acquisition of Barclays' Singapore & Hong Kong Wealth & Investment Management Business
Issuer & Securities
Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No
Announcement Details
Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
28-Nov-2016 07:08:32
Status
New
Announcement Sub Title
Completion of acquisition of Barclays' Singapore & Hong Kong Wealth & Investment Management Business
Announcement Reference
SG161128OTHRZ51L
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Assistant Secretary
Description (Please provide a detailed description of the event in the box below)
On 7 April 2016, OCBC Bank ("the Bank") announced that its wholly-owned private banking subsidiary, Bank of Singapore, had entered into an agreement to acquire the Wealth and Investment Management business of Barclays Bank PLC in Singapore and Hong Kong (the "Transaction"). The Bank is pleased to announce that completion of the Transaction has taken place on 25 November 2016. Please see attached media release from Bank of Singapore.
Attachments
Acquisition_of_Barclays_wealth_and_investment_business_in_Singapore_and_HongKong.pdf
Total size =291K
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