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4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Oversea-Chinese Banking Corp. Limited    OCBC   SG1S04926220

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Oversea Chinese Banking : Increase in Shareholding in Great Eastern Holdings Limited

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08/17/2017 | 11:37am CEST

Asset Acquisitions and Disposals::Increase in shareholding in Great Eastern Holdings ...

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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 17-Aug-2017 17:07:26 Status New Announcement Sub Title Increase in shareholding in Great Eastern Holdings Limited Announcement Reference SG170817OTHRL9BA Submitted By (Co./ Ind. Name) Sherri Liew Designation Company Secretary Description (Please provide a detailed description of the event in the box below)

Pursuant to Rule 704(17)(d) of the Listing Manual, Oversea-Chinese Banking Corporation Limited ("OCBC Bank") wishes to announce that it has purchased, on a willing buyer willing seller basis, 685,400 shares at S$24.90 per share in Great Eastern Holdings Limited ("GEH") for a total gross consideration of S$17.07 million in cash. GEH is a subsidiary company that is listed on the Singapore Exchange.

The purchase has increased OCBC Bank's shareholding in GEH from 87.75% to 87.90%.

Issued by Oversea-Chinese Banking Corporation Limited Singapore

17 August 2017

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...

17/08/2017

OCBC - Oversea-Chinese Banking Corporation Ltd. published this content on 17 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 August 2017 09:36:02 UTC.

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Sales 2017 9 246 M
EBIT 2017 4 947 M
Net income 2017 3 880 M
Debt 2017 -
Yield 2017 3,31%
P/E ratio 2017 12,03
P/E ratio 2018 10,95
Capi. / Sales 2017 5,02x
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Average target price 11,6  SGD
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