Privatisation of Hong Kong’s Wing Hang Bank could cost HK$40 billion. Media reports said more than three parties are interested in taking over the second largest family controlled bank in the city.
Wing Hang’s chief executive, Patrick Fung Yuk-ban, and Bank of New York announced in September that they had entered into negotiations to sell their 45% share in Wing Hang.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The potential deal would be similar to the acquisition of Wing Lung Bank by China Merchants Bank back in 2007.
GlobalData Strategic Intelligence
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
