Asset Acquisitions and Disposals::Increase in shareholding in Great Eastern Holdings Limited

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
17-Aug-2017 17:07:26
Status
New
Announcement Sub Title
Increase in shareholding in Great Eastern Holdings Limited
Announcement Reference
SG170817OTHRL9BA
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to Rule 704(17)(d) of the Listing Manual, Oversea-Chinese Banking Corporation Limited ("OCBC Bank") wishes to announce that it has purchased, on a willing buyer willing seller basis, 685,400 shares at S$24.90 per share in Great Eastern Holdings Limited ("GEH") for a total gross consideration of S$17.07 million in cash. GEH is a subsidiary company that is listed on the Singapore Exchange.

The purchase has increased OCBC Bank's shareholding in GEH from 87.75% to 87.90%.

Issued by Oversea-Chinese Banking Corporation Limited

Singapore
17 August 2017