August 29, 2016 11:16 PM ET

Banks

Company Overview of Wing Lung Bank Limited

Company Overview

Wing Lung Bank Limited, together with its subsidiaries, provides various banking and related financial services. The company’s Retail Banking segment accepts retail deposits, including savings accounts, current accounts, and fixed deposits; and offers mortgage and personal lending, life insurance agency and brokerage, wealth management, and securities and futures brokerage services. Its Corporate and Commercial Banking segment accepts corporate deposits, and advances commercial and industrial loans, as well as offers trade financing, hire purchase, and leasing services. The company’s Treasury and Financial Institution segment engages in foreign exchange, money market, interbank market, and c...

45 Des Voeux Road

Central,  

Hong Kong

Founded in 1933

1,925 Employees

Phone:

852 2309 5555

Fax:

852 2810 0592

Key Executives for Wing Lung Bank Limited

Chief Executive Officer, Executive Director, Member of Management Committee and Member of Strategy Committee
Age: 56
Chief Operating Officer and Chief Information Officer
Chief Risk Officer, General Manager, Executive Director and Member of Management Committee
Compensation as of Fiscal Year 2016.

Wing Lung Bank Limited Key Developments

Wing Lung Bank Limited expected to report First-Half, 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on August 23, 2016).

Wing Lung Bank Limited expected to report First-Half, 2016 results on August 29, 2016. This event was calculated by Capital IQ (Created on August 23, 2016).

Hong Kong Life Insurance Reportedly To Be Put Up For Sale

Hong Kong Life Insurance Limited may reportedly be put up for sale by Asia Insurance Company Limited, Chong Hing Bank Limited, OCBC Wing Hang Bank Limited, Shanghai Commercial Bank Ltd. and Wing Lung Bank Limited. The five owners are working with adviser Nomura Holdings about the future of the company, which may lead to a sale. Great Eastern Holdings is considering bidding for the company.

EDS Wellness Holdings Limited Commences Legal Proceedings in the Court against Wing Lung Bank Limited and Hang Seng Bank Limited

The board of EDS Wellness Holdings Limited announced that it commenced legal proceedings in the Court on June 9, 2015 against Mr. Shum as the first Defendant, Wing Lung Bank Limited as the second Defendant and Hang Seng Bank Limited as the third Defendant for, amongst others, the following reliefs to recover the judgment debt under the Summary Judgment: Mr. Shum's interest in the properties and/or lands situate at House 4, The Baroque, Nos. 1-7 Kau To Shan Road, Shatin, New Territories; Ground Floor, No. 1 Kau To Path, Lot No. 838 in DD171, Shatin, New Territories; and Ground Floor, No. 1 Kau To Path, Lot No. 839 in DD171, Shatin, New Territories which have been charged in favour of the Company be sold without further reference to the Court by way of tender or public auction at the best price reasonably obtainable; the solicitors for the company shall have the conduct of the sale of the Properties by appointing an agent, to sell the Properties by way of tender or public auction; the company shall apply the sale proceeds from the sale of the First Property to pay the costs and expenses of effecting the sale; pay the costs of the June Proceedings; pay the outstanding indebtedness owed to Hang Seng Bank Limited as secured by a mortgage over the First Property; pay the judgment debt (together with interest) owed to the Company under the Summary Judgment; and pay the balance (if any) to Mr. Shum or into the Court or as the Court shall direct; the Company shall apply the sale proceeds from the sale of the Second Property and Third Property to pay the costs and expenses of effecting the above sale; pay the costs of the June Proceedings; pay the outstanding indebtedness owed to Wing Lung Bank Limited as secured by a mortgage and a second legal charge over the Second Property and the Third Property; pay the judgment debt (together with interest) owed to the Company under the Summary Judgment; and pay the balance (if any) to Mr. Shum or into the Court or as the Court shall direct; Such further and/or other directions as the Court shall deem fit; and the costs of the June Proceedings to the Company.

Recent Private Companies Transactions

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