Case Solution & Analysis for OCBC Versus Hedge Fund: Acquisition of Wing Hang Bank by Emir Hrnjić, Han Dong .
Complete Case details are given below :
Case Name : OCBC Versus Hedge Fund: Acquisition of Wing Hang Bank
Authors : Emir Hrnjić, Han Dong
Source : Ivey Publishing
Case ID : 9B15N010 / W15295
Discipline : Finance
Case Length : 20 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
A Singapore-based financial services company, the second largest lender in Southeast Asia, offered to acquire a Hong Kong bank, the eighth largest lender in the country, for a premium price per share. Three months later, a multi-billion hedge fund firm based in the United States had accumulated close to 8 per cent of the Hong Kong bank’s shares. According to Hong Kong’s securities law, the Singapore-based financial institution would have to acquire 90 per cent of the Hong Kong bank’s shares to successfully take the bank private, and there were only 25 days left for the company to meet this requirement. The hedge fund firm’s unspoken message was clear: raise your bid price to buy our shares or we will keep the company public at your expense.
Click Here to place your order
OR
Place your order at casesolutionshub (AT)gmail(dot)com if you want to solve above case.
Cordially,
Case Solutions Hub Team