Goldman hired as adviser for Hong Kong's Wing Hang Bank sale-sources
Dec 3 (Reuters) - Goldman Sachs has been hired by the biggest shareholder of Wing Hang Bank Ltd to advise on the sale of the Hong Kong family-run bank which has a market value of $4.5 billion, people familiar with the matter told Reuters.
Chairman Patrick Fung's family, a family-linked affiliate and Bank of New York Mellon Corp, which own a combined 45 percent of the Hong Kong-listed bank, said in September they had received preliminary offers from independent third parties that they did not identify. [ID:nL3N0HD03U}
At least four suitors are expected to place bids in mid-December, added the people, who declined to be identified.
Wing Hang did not respond to an email seeking comment, while a Goldman Sachs spokesman in Hong Kong declined to comment.
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