A person pretending to be a police officer claimed that the man was a victim of an identity fraud. Read more at straitstimes.com.
Man nearly loses S$250,000 to scammers impersonating bank staff, police officer
SINGAPORE: A man came close to losing S$250,000 (US$185,000) after falling prey to scammers posing as a bank staff member and a police officer. The 56-year-old first received a call from a scammer ...
Great Eastern independent directors advised to recommend OCBC US$1 billion offer
The independent directors of Singapore's Great Eastern have been advised to recommend that minority shareholders accept a S$1.4 billion ($1.03 billion) offer from the insurer's top investor Oversea-Ch ...
Jail for man who cheated six victims of over $108k in ticketing and investment scams
David Chua also made off with $22,400 from customers of the travel agency he worked at in 2019. Read more at straitstimes.com.
OCBC’s offer to Great Eastern shareholders “not fair but reasonable”; shareholders should accept it: EY
OCBC’s offer to buy the remaining shares of Great Eastern from minority investors is “not fair but reasonable”, said independent financial adviser Ernst & Young Corporate Finance on June 14. Read more ...
OCBC’s final offer of $25.60 for GEH is ‘not fair but reasonable’ says EY; advises shareholders to accept
EY advises shareholders to accept the offer, or sell their shares if they can offer a higher price than the offer price.
Great Eastern Adviser Supports OCBC’s $1 Billion Takeover Bid
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 ...