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

Data Insights

The gold standard of business intelligence.

Find out more

The potential deal would be similar to the acquisition of Wing Lung Bank by China Merchants Bank back in 2007.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.