Elliott Stake Thwarts OCBC-Wing Hang Deal – ValueWalk Premium
Paul Singer

Elliott Stake Thwarts OCBC-Wing Hang Deal

Hedge fund Elliott Management has enhanced its stake in Hong Kong lender Wing Hang Bank, Limited (HKG:0302) (OTCMKTS:WGHGY) to nearly 8% by acquiring an additional 8.7 million Wing Hang shares last week.

Oversea-Chinese Banking Corp. Limited (SGX:O39) now holds 50.4% stake in Wing Hang Bank.
OCBC’s nod from regulators

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