Great Eastern Holdings Ltd.’s independent financial adviser said it supports a S$1.4 billion ($1 billion) offer by Oversea-Chinese Banking Corp. to take full control of the Singapore-based insurer.
OCBC privatisation deal for Great Eastern is not fair but reasonable, says IFA
In response to the offer, the Securities Investors Association (Singapore) commended OCBC for its proactive response to feedback from minority shareholders of GEH. Meanwhile, former remisier Ong Chin ...
Income Insurance and Allianz hold ‘transaction’ talks, latest possible Singapore insurance M&A
This news follows OCBC’s $1.4 bil offer to fully acquire Great Eastern, and Sumitomo’s acquisition of Singlife.
Singapore’s Great Eastern asks shareholders to accept OCBC’s $1 bln offer
June 14 (Reuters) - Singapore's Great Eastern Holdings on Friday asked its shareholders to accept a S$1.4 billion ($1.03 billion) offer from Oversea-Chinese Banking Corp to buy the remaining stake in ...
Singapore stocks book net retail inflow of S$1.01 billion year to date, see significant bank outflows in Q2
SINGAPORE stocks booked net retail inflow of S$1.01 billion in the 2024 year to Jun 13, with significant bank outflows in the second quarter. Read more at The Business Times.
GEH-OCBC offer update: no requirement to announce level of acceptances
Additionally, OCBC would be required to announce the level of acceptances of the offer by 8.00am on the market day immediately after the day on which the offer is due to expire, is revised or is ...
Why jewellery is a good gift but a poor investment
Purchasing gold jewellery is a long-standing tradition in Singapore. We show them off, buy them as gifts, and pass them on to our children. However, you shouldn't mistake the bling as sound ...
Singapore stocks open higher again on Thursday—STI rose by 0.6%
SINGAPORE: Singapore stocks opened higher again on Thursday, June 13, following a strong global sentiment after US consumer prices remained steady in May. The Straits Times Index (STI) rose by 0.6%, ...
ETFs, new investment products and a Big Bang IPO
Whatever the case, ETFs are only an intermediate step to attracting more liquidity to the local market. Moreover, ETF issuers like OCBC Securities, Lion Global and Nikko Asset Management have gained a ...
Standard Chartered sets up first global fund management unit in Singapore
The platform aims to set up a series of funds focused on a long-term strategic asset allocation as part of a client’s foundation portfolio. To deliver unique and hard-to-access strategies, Standard ...
Singapore’s H2 recovery hinges on external factors: UOB
Singapore’s economy could stage a meaningful recovery in the second half should the US Federal Reserve start its rate cut cycle, according to UOB.
DBS targeting to grow wealth management assets to S$500 billion within next 2 years
SINGAPORE: DBS Group has set an ambitious goal to increase its wealth management assets to... The post DBS targeting to grow wealth management assets to S$500 billion within next 2 years appeared firs ...
5 Singapore Stocks Sporting Dividend Yields of 5.4% or Higher
Management expects the housing market outlook to remain stable for 2024 supported by Singapore’s economic growth and the ... but don’t want the stress of stock watching, this report is for you. Click ...
Economists downgrade Singapore’s manufacturing outlook, keep 2024 growth forecast at 2.4%
That's according to a quarterly survey conducted by the Monetary Authority of Singapore of 26 analysts. The finance and insurance sector is expected to be the main driver of growth for this year, ...
New OCBC initiative prepares poly grads for full-time banking and finance roles
OCBC Ignite, an accelerated banking career programme, will take in 500 poly students in the next three years. Read more at straitstimes.com.
LYC makes U-turn on subsidiary’s S’pore Exchange IPO
KUALA LUMPUR: LYC Healthcare Bhd has dropped the plan to list its subsidiary on the Singapore Exchange, less than three months after it filed the preliminary offer document with the exchange. LYC told ...