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 words sold to and/or sold:
“The rich man ... is always sold to the institution which makes him rich. Absolutely speaking, the more money, the less virtue.”
—Henry David Thoreau (1817–1862)
“The rich man ... is always sold to the institution which makes him rich. Absolutely speaking, the more money, the less virtue.”
—Henry David Thoreau (1817–1862)