OCBC Bank buys 80% of TransAsia
The acquisition has been completed.
Oversea-Chinese Banking Corporation Limited previously made an announcement in relation to the conditional sale and purchase agreement with PT Farnella Mandiri Utama to buy 80,000 ordinary shares in the capital of PT TransAsia Securities.
That represented 80% of the issued and paid-up share capital of TransAsia on completion of the transaction.
TransAsia has now become an 80% owned subsidiary of OCBC Bank.