Sold To Guoco
In 1993, the government sold OTB to Malaysian-owned Guoco Group for US$571 million. OTB became the subsidiary of Dao Heng Bank.
Read more about this topic: Overseas Trust Bank
Famous quotes containing the word sold:
“They dragged you from homeland,
They chained you in coffles,
They huddled you spoon-fashion in filthy hatches,
They sold you to give a few gentlemen ease.”
—Sterling Allen Brown (b. 1901)