OCBC to Dispose of Minority Stake in Maxwealth Fund Management

MT Newswires

11/26

Oversea-Chinese Banking Corp. or OCBC (SGX:O39) agreed to dispose of a 3.51% stake in Maxwealth Fund Management for around 100 million yuan, according to a Wednesday filing with the Singapore Exchange.

Following the transaction, the bank's stake in Maxwealth will be reduced to 25%.

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