Tag Archives: OCBC Rights Issue

OCBC Rights Issue – Prospectus out on 27 August 2014

This is a continuation of my blog post on the subject matter dated 22 August. The prospectus for the Rights Issue was lodged on 27 August. Trading of the Rights (OCBC Rights) started today (1 September). For shareholders entitled to … Continue reading

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Impact of OCBC Rights Issue to share price

OCBC announced the Rights Issue to partially finance the acquisition of Wing Hang Bank. It will issue 440,047,710 new shares to raise net proceeds of about $3.3 billion. The existing shareholders of OCBC (and buyers of OCBC shares during cum-all … Continue reading

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