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4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Oversea-Chinese Banking Corp. Limited    OCBC   SG1S04926220

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Oversea Chinese Banking : Completion of Sale of 100% Equity Interests in Two Subsidiary Companies

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06/06/2017 | 12:38pm CEST
OVERSEA-CHINESE BANKING CORPORATION LIMITED

(Incorporated in Singapore) (Company Registration No. 193200032W)

COMPLETION OF SALE OF 100% EQUITY INTERESTS IN TWO SUBSIDIARY COMPANIES

Following the announcement on 11 April 2017, Oversea-Chinese Banking Corporation Limited ("OCBC Bank") wishes to announce that it has completed the sale of its entire 100% equity interests in Banking Computer Services Private Limited ("BCS") and BCS Information Systems Pte Ltd ("BCSIS") to Network for Electronic Transfers (Singapore) Pte Ltd.

Accordingly, BCS and BCSIS have ceased to be subsidiaries of OCBC Bank with immediate effect.

Issued by

OVERSEA-CHINESE BANKING CORPORATION LIMITED

6 June 2017

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OCBC - Oversea-Chinese Banking Corporation Ltd. published this content on 06 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 June 2017 10:38:16 UTC.

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Financials ( SGD)
Sales 2017 9 122 M
EBIT 2017 4 776 M
Net income 2017 3 747 M
Debt 2017 -
Yield 2017 3,48%
P/E ratio 2017 11,86
P/E ratio 2018 10,72
Capi. / Sales 2017 4,87x
Capi. / Sales 2018 4,56x
Capitalization 44 412 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 10,7  SGD
Spread / Average Target 1,1%
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Managers
NameTitle
Samuel Nag Tsien Group CEO & Non-Independent Executive Director
Sang Kuang Ooi Chairman
Wei Hong Ching Chief Operating Officer
Siew Peng Tan Chief Financial Officer & Executive Vice President
Khiang Tong Lim Head-Group Operations & Technology
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