News: OCBC Bank becomes the preferred bidder for HSBC Indonesia assets | Lianhe Zaobao
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OCBC Bank has become HSBC's preferred bidder for its retail banking business in Indonesia, with an acquisition valuation exceeding IDR 600 trillion (approximately SGD 445 million). OCBC Bank aims to expand its influence in the Indonesian market through this acquisition, and its bid is currently higher than that of other bidders. However, the final outcome is still uncertain, with other bidders including DBS Group, UOB, CIMB Group, and Sumitomo Mitsui Financial Group. HSBC has not yet made a final decision
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