Shares & Derivatives
OCBC offers to privatise Great Eastern. What should shareholders do?
By Beansprout  •  June 28, 2024
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...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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