UPDATE 1-Goldman hired to advise on Hong Kong's Wing Hang Bank sale -sources
* Deal would be the second for a Hong Kong bank this year
* Bidders include OCBC, Anbang Insurance, Agbank, Bank of Nova Scotia -sources
* Wing Hang shares rise 3.5 pct on sale progress
By Clare Jim and Saeed Azhar
Dec 4 (Reuters) - Goldman Sachs Group Inc has been hired by the biggest shareholder of Wing Hang Bank Ltd to advise on the sale of the $4.5 billion Hong Kong lender which promises buyers a route into mainland China.
A sale would be the second this year for a family-owned Hong Kong lender after Chong Hing Bank Ltd, with suitors attracted by the prospects of overseas expansion as well as the city's rapidly growing offshore yuan fixed-income market.
The family of Chairman Patrick Fung as well as a family-linked affiliate and Bank of New York Mellon Corp - which own a combined 45 percent of Wing Hang - said in September they had received preliminary offers from third parties that they did not identify.
Suitors preparing to bid in mid-December include Singapore's Oversea-Chinese Banking Corp Ltd, China's Anbang Insurance Group and Agricultural Bank of China Ltd, and Canada's Bank of Nova Scotia, two people familiar with the matter told Reuters.
Wing Hang expects a price equivalent to about twice its book value, one of the people said, valuing the sale at just over $5 billion. The bank's stock currently trades at 1.71 times its book value. Continued...