OCBC to sell more non core assets
(Singapore) – Overseas Chinese Banking Corp, Singapore’s third largest bank by assets, is to sell a 14 story office building in the city state’s CBD as part of its asset disposal program.
Singapore banks are required by the Monetary Authority of Singapore to reduce their stakes in non-financial businesses to 10 percent by mid 2004.
OCBC is selling the property through Jones Lang LaSalle.
OCBC is selling the property through Jones Lang LaSalle.
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