OCBC (SG:O39) has released an update.
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OCBC Bank has responded to queries regarding its offer for Great Eastern Holdings, maintaining the offer price of S$25.60 per share, which presents a significant premium over past trading periods. Citing regulatory constraints, OCBC limited the information provided but highlighted the offer’s favorable comparisons to industry metrics and the endorsement by an independent financial adviser and Great Eastern’s Independent Directors. Shareholders are advised to consider the independent analysis in deciding on the offer.
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