pstrongspanspanspanspanspanspanThe bank plans to increase its investment beyond its current 88.44% stake./span/span/span/span/span/span/strong/p pspanspanspanspanspanspanOversea-Chinese Banking Corporation Limited (OCBC) announced a S$1.4b voluntary unconditional general offer for the 11.
Oversea-Chinese Banking Corporation Limited announced a S$1.4b voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings that it does not currently own.
The bank said in a media release the offer aligns with OCBC's corporate strategy to solidify its wealth management leadership position and capitalise on opportunities in the rapidly growing Asian market.The offer price of S$25.60 represents a 36.9% premium over Great Eastern's last traded price of S$18.70 and premiums of 38.6%, 40.0%, and 42.4% over the one-month, three-month, and 12-month periods up to and including the last trading date of 9 May.
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