Oversea-Chinese Banking Corp Ltd

O39: XSES (SGP)
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OCBC: Acquisition of HSBC's Indonesia Retail Business in Line With Updated Strategy

Oversea-Chinese Banking will be buying HSBC's international wealth and premier banking business in Indonesia. The final pricing has not yet been determined, but there will be a premium of SGD 480 million over the net asset value, and it should be completed in a year's time.

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