Brief: OCBC Announces S$1.4 Billion Offer For Great Eastern

Great Eastern Holdings

10/05/2024 24:11

May 10 (Reuters) - Oversea-Chinese Banking Corporation
Ltd  OCBC.SI :
    * MAKES S$1.4 BILLION OFFER FOR GREAT EASTERN
    * OCBC MAKES S$1.4 BILLION OFFER FOR GREAT EASTERN
    * ANNOUNCED A S$1.4 BILLION VOLUNTARY UNCONDITIONAL GENERAL
OFFER
FOR 11.56% STAKE IN GREAT EASTERN HOLDINGS LIMITED
    * OFFER PRICE OF S$25.60 PER SHARE FOR  GREAT EASTERN
    * WITH OFFER, OCBC INTENDS TO INCREASE ITS INVESTMENT IN
GREAT
EASTERN BEYOND ITS CURRENT STAKE OF 88.44%

Further company coverage:  OCBC.SI 

 ((Reuters.Briefs@thomsonreuters.com;))