OCBC now owns 88.4% of its subsidiary’s shares.
Oversea-Chinese Banking Corporation (OCBC) has purchased an additional 2,345,800 shares at Great Eastern Holdings, at a total cash consideration of S$39.9m.
In an SGX filing, OCBC said that the shares were priced at S$16.99 each.
OCBC now owns 88.4% of Great Eastern’s total shares, from 87.9% previously.
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