Great Eastern Receives S$0.9 Billion Delisting Proposal From OCBC
Deal News | Jun 06, 2025 | Oversea-Chinese Banking Corp L
Great Eastern, a prominent company, is facing an 11-month suspension in share trading. To resolve this, Oversea-Chinese Banking Corp Ltd (OCBC) has proposed a delisting offer valued at S$0.9 billion. This conditional exit offer aims to provide Great Eastern's shareholders with a fair and reasonable exit option. By backing the delisting, OCBC is stepping in to stabilize the trading and financial prospects for Great Eastern, facilitating a resolution to the prolonged trading suspension.
Sectors
- Financial Services
- Investment Banking
Geography
- Singapore – Both OCBC and Great Eastern are key financial entities in Singapore, a major financial hub, making the geographical focus of the article relevant to this region.
Industry
- Financial Services – This industry classification is relevant as the article discusses financial service entities, specifically a bank (OCBC) providing financial solutions to another corporate entity (Great Eastern).
- Investment Banking – The involvement of OCBC in providing a large-scale delisting offer is characteristic of investment banking activities aimed at resolving market trading issues.
Financials
- S$0.9 billion – The proposed valuing amount for the conditional exit offer related to Great Eastern's delisting.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Oversea-Chinese Banking Corp Ltd (OCBC) | Bidding Company | Company | OCBC is proposing the delisting offer to Great Eastern to help resolve its trading suspension. |
| Great Eastern | Target Company | Company | Great Eastern is the company facing a trading suspension and is the subject of the delisting proposal by OCBC. |