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
19-Jun-2023 17:35:33
Status
New
Announcement Sub Title
Increase in Shareholding in Great Eastern Holdings Limited
Announcement Reference
SG230619OTHRTAFA
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Oversea-Chinese Banking Corporation Limited ("OCBC Bank") wishes to announce that it has purchased, on a willing buyer willing seller basis, 2,345,800 shares at S$16.99 each in Great Eastern Holdings Limited ("GEH") for a total cash consideration of S$39.9 million. GEH is a subsidiary of OCBC Bank, and it is listed on the Singapore Exchange.

Following the completion of the transaction, OCBC Bank's shareholding in GEH has increased from 87.9% to 88.4%.


Issued by
Oversea-Chinese Banking Corporation Limited

19 June 2023