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, 611,800 shares at $20.59 per share in Great Eastern Holdings Limited ("GEH") for a total gross consideration of $12.6 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 87.60% to 87.73%.
Oversea-Chinese Banking Corporation Limited
1 July 2016