OCBC announced a voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings Limited (GE) that it did not own at an offer price of S$25.60 per share.
What happened?
Many investors in Singapore have been watching OCBC’s offer for Great Eastern (GE) closely.
Earlier, OCBC announced a voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings Limited (GEH) that it did not own at an offer price of S$25.60 per share.
As of 6pm on 26 June 2024, OCBC and its concert parties has garnered 90.24% of the shares in GE.
This led to many questions by investors about what are the different scenarios that may pan out from here, and how they will potentially impact shareholders of GE.
Let us find out more about OCBC’s offer for GE, and what it means for shareholders for GE.
What you need to know about OCBC’s offer for Great Eastern...