Asset Acquisitions and Disposals::Increase in Shareholding in Great Eastern Holdings Limited
Issuer & Securities
OVERSEA-CHINESE BANKING CORPORATION LIMITED
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
Increase in Shareholding in Great Eastern Holdings Limited
Submitted By (Co./ Ind. Name)
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, 2,032,651 shares at S$21.00 per share in Great Eastern Holdings Limited ("GEH") for a total gross consideration of S$42.7 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 87.17% to 87.60%.
Oversea-Chinese Banking Corporation Limited
4 November 2015