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at the Hong Kong
International Airport reportedly with a large amount of cash and jewellery. In 1987, Chang and OTB's former senior management were sentenced to jail by Hong Kong Law Court.
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problems. Bad debts held by the bank reached US$ 89.5 million. To recover the confidence of the public and investors of the Hong Kong
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to investigate the causes of OTB downfall. In May 1986, the former chairman of OTB, Patrick C.T. Chang, was
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stepped in and took over OTB in the following day. From 1985 to 1986, the government ordered the
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On June 6, 1985, OTB suddenly announced that it was on the brink of collapse, due to its severe
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8:
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351:"DBS' operations in Hong Kong legally merged to become DBS Bank (Hong Kong) Limited"
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Dao Heng Bank, together with OTB, from Guoco Group. In 2003, DBS Bank merged
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333:"DBS Group in Deal to Acquire Controlling Stake in Dao Heng Bank"
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256:. Associated Press. October 16, 1993 – via NYTimes.com.
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in 1972. It was the fourth largest bank in Hong Kong before
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Companies formerly listed on the Hong Kong Stock
Exchange
119:) was a bank in Hong Kong. It was established in 1955 by
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for US$ 571 million. OTB became the subsidiary of
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In 1993, the government sold OTB to
Malaysian-owned
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123:, a Malaysian businessman and it was listed on the
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203:, Dao Heng Bank and Overseas Trust Bank to form
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361:from the original on September 20, 2008
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267:Fishing – village boy who made good
135:Collapse and takeover by Government
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422:1955 establishments in Hong Kong
187:Sold to and merged with DBS Bank
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104:Branch of Overseas Trust Bank
412:Banks disestablished in 2003
205:DBS Bank (Hong Kong) Limited
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250:"Guoco Buys Overseas Trust"
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109:Overseas Trust Bank Limited
19:Overseas Trust Bank Limited
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387:Defunct banks of Hong Kong
417:Banks established in 1955
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68:
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297:"Business Notes Finance"
125:Hong Kong Stock Exchange
157:Royal Hong Kong Police
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191:In 2001, Singaporean
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47:Finance and insurance
303:on October 29, 2010.
217:DBS Bank (Hong Kong)
153:Hong Kong Government
100:Former location of
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402:Corporate scandals
397:Crime in Hong Kong
254:The New York Times
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89:Financial services
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201:DBS Kwong On Bank
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299:. Archived from
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121:Chang Ming Thien
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319:www.icac.org.hk
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283:www.icac.org.hk
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74:Gloucester Road
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149:banking system
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35:Subsidiary of
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222:Dao Heng Bank
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195:acquired and
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171:Sold to Guoco
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37:Dao Heng Bank
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363:. Retrieved
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337:en.people.cn
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301:the original
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69:Headquarters
32:Company type
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365:November 8,
177:Guoco Group
129:acquisition
80:, Hong Kong
381:Categories
355:hk.dbs.com
233:References
197:privatized
117:海外信託銀行有限公司
102:Sheung Wan
26:海外信託銀行有限公司
141:cash flow
407:DBS Bank
359:Archived
211:See also
193:DBS Bank
165:arrested
145:bad debt
85:Products
43:Industry
113:Chinese
111:(OTB) (
78:Wanchai
61:Defunct
53:Founded
22:Chinese
315:"ICAC"
279:"ICAC"
151:, the
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24::
367:2008
161:ICAC
159:and
143:and
72:160
64:2003
56:1955
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241:^
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369:.
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321:.
285:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
