Link: https://links.sgx.com/FileOpen/Electronic_Dissemination_Announcement_9June2025.ashx?App=Announcement&FileID=848388

Summary:

• Offer Structure: Oversea-Chinese Banking Corporation Limited (OCBC) proposes to acquire all shares of Great Eastern Holdings (GEH) not already owned by OCBC or its subsidiaries, contingent on shareholder approval of delisting

• Electronic Dissemination: The exit offer letter was distributed electronically on 9 June 2025, with no physical copies sent to shareholders

• Critical Dates:

  • Shareholder vote at an EGM on 8 July 2025 (requires ≥75% approval from non-OCBC shareholders)

  • Offer acceptance period: 16 June – 22 July 2025 (if delisting approved)

• Acceptance Process: Shareholders must submit digital forms via SGX’s Investor Portal or return physical documents by the deadline

• Conditions: Offer lapses automatically if delisting fails at the EGM

The move aligns with OCBC’s efforts to consolidate its 88.4% stake in GEH, Southeast Asia’s oldest insurer1. J.P. Morgan acts as OCBC’s advisor for the transaction