OCBC buys more Great Eastern shares for S$39.9m

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.