Great Eastern Holdings Limited (SG:G07) has released an update.
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In a pivotal move within the financial sector, J.P. Morgan Securities Asia Private Limited, acting on behalf of Oversea-Chinese Banking Corporation Limited, has made a voluntary unconditional general offer to acquire all issued ordinary shares of Great Eastern Holdings Limited that are not already owned by the Offeror. This bold step, announced on 10 May 2024, aligns with Singapore’s Securities and Futures Act and the Singapore Code on Take-overs and Mergers. Additionally, on 19 June 2024, transactions by associates of JPMSAL in the company’s securities were disclosed, emphasizing the momentum of this significant acquisition.
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