OCBC offers $900m to delist Great Eastern Holdings

The exit offer price is final.

OCBC is offering to acquire the remaining 6.28% of shares it does not own in Great Eastern Holdings for $900m or $30.15 each.

Great Eastern Holdings has been on a trading halt since 15 July 2024 after its free float fell below 10%.

In a bourse filing, the company said that if the delisting cannot be achieved, it will seek shareholders’ approval on a second proposal to restore the free float.

OCBC’s exit offer is subject to the approval of at least 75% of the total number of issued shares held by shareholders at an upcoming extraordinary general meeting (EGM).

OCBC said its exit offer price is final, and it has no intention of launching another offer in the future.

Follow the link s for more news on

Great Eastern

OCBC Bank

mergers and acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia