Great Eastern Holdings LimitedSGX: G07

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

· Issued by 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)