OCBC to back Great Eastern's delisting bid with near $700 million conditional exit offer

About this update from Great Eastern Holdings Limited

Singapore's Oversea-Chinese Banking Corporation SGX:O39 said on Friday it would support a bid to seek a delisting of shares in Great Eastern SGX:G07 with a S$900 million ($699.90 million) exit offer. The conditional exit offer is at S$30.15 for the 6.28% of the insurer's stock that OCBC does not already own.($1 = 1.2859 Singapore dollars)

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