Overseas Trust Bank
Hong Kong Stock Exchange, Financial Services, Bad Debt
978-613-9-09986-3
6139099862
80
2013-08-15
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Overseas Trust Bank Limited (OTB) was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972. It was the fourth largest bank in Hong Kong before acquisition. On June 6, 1985, OTB suddenly announced that it was on the brink of collapse, due to its severe cash flow and bad debt 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 banking system, the Hong Kong Government stepped in and took over OTB in the following day.
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Работа, экономика и промышленная социология
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