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
04-Nov-2015 18:00:05
Status
New
Announcement Sub Title
Increase in Shareholding in Great Eastern Holdings Limited
Announcement Reference
SG151104OTHR2GS1
Submitted By (Co./ Ind. Name)
Peter Yeoh
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, 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%.
Issued by
Oversea-Chinese Banking Corporation Limited
Singapore
4 November 2015
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