Things you should know about Wing Hang Bank's suspected suitors

Clue: One of them is Singapore-based.

According to CCB International Securities, potential purchasers cited most often are the Chinese banks and insurers.

Besides the usual suspects, the Wall Street Journal noted on 27 September 2013 that other interested suitors include UOB, Singapore’s third-largest bank and the Australian bank ANZ.

Here's more from CCB International Securities:

UOB’s interest in Wing Hang would allow it to broaden its footprint in Greater China where it is currently lagging rival DBS.

ANZ, on the other hand, is motivated to make a transformational deal in the Asian region to help lower the group’s funding cost while diversifying the group’s geographical earnings mix (targeting in excess of 25% of income outside of its home markets by 2017).

Given the number of potential suitors for WHB, we think it is more a matter of when and not if a deal gets done.

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