OCBC subscribes to Tonglin Precision Parts bond
Singapore-based OCBC Bank, the second largest financial group Southeast Asia, has subscribed to a convertible bond issued by China’s Tonglin Precision Parts (TPP) via its mezzanine arm.
Through this transaction, OCBC's Private Equity & Special Opportunities fund aims to support the expansion of TPP, a Chengdu-based independent supplier of engine blocks to domestic automotive manufacturers...
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