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OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

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OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

Michelle Zhu Published on Wed, Jan 17, 2018 / 5:57 PM GMT+8

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SINGAPORE (Jan 17): Lion Global Investors, a subsidiary of Oversea-Chinese Banking Corporation (OCBC), has raised its interest in China’s Maxwealth Fund Management Company (FMC) to 28.51% from 10% previously by acquiring 37 million shares for RMB61.45 million ($12.6 million).

With the latest transaction, FMC has become an associated company of OCBC.

The remaining 71.49% interest in FMC is held by Bank of Ningbo, which is also an associated company of OCBC.

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OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

M&A

OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

Primary tabs

Error message

OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

M&A

OCBC acquires additional 18.51% stake in China fund management firm for $12.6 mil

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