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Great Eastern Holdings Limited (G07.SI)
| Previous close | 25.64 |
| Open | 25.61 |
| Bid | 25.64 x 0 |
| Ask | 25.66 x 0 |
| Day's range | 25.61 - 25.67 |
| 52-week range | 17.08 - 26.50 |
| Volume | |
| Avg. volume | 212,137 |
| Market cap | 12.145B |
| Beta (5Y monthly) | 0.51 |
| PE ratio (TTM) | 15.65 |
| EPS (TTM) | 1.64 |
| Earnings date | 31 Jul 2024 |
| Forward dividend & yield | 0.80 (3.12%) |
| Ex-dividend date | 30 Apr 2024 |
| 1y target est | N/A |
- Reuters SG
UPDATE 1-OCBC amasses over 90% stake in insurer Great Eastern
Oversea-Chinese Banking Corp now owns more than 90% of Singaporean insurer Great Eastern, an exchange filing by the city-state's second-largest lender showed on Tuesday. OCBC made an offer in May to buy an 11.56% stake in Great Eastern it did not already own for S$1.4 billion ($1.03 billion). Great Eastern will now be forced to suspend trading in its shares after the offer closes on July 12 as the insurer's public float has now dropped below 10%.
- Reuters SG
Deals of the day-Mergers and acquisitions
** Brazil's Diagnosticos da America (Dasa) and health insurance operator Amil have agreed to combine their hospital businesses, setting up a joint venture with almost 10 billion reais ($1.86 billion) in net revenue, the firms said. ** Privately owned fintech group ION has received a green light from Italy's central bank to buy bad loan and property manager Prelios from U.S. hedge fund Davidson Kempner, two sources with knowledge of the matter said. ** Spain's Sabadell has postponed the completion of the sale of its retailers' payments business to Nexi after becoming the target of a hostile takeover by BBVA, two sources with knowledge of the matter said.
- Reuters SG
UPDATE 2-Great Eastern independent directors recommend OCBC $1 bln offer
The independent directors of Singapore's Great Eastern have been advised to recommended that minority shareholders accept a S$1.4 billion ($1.03 billion) offer from the insurer's top investor Oversea-Chinese Banking Corp (OCBC). Ernst & Young, the financial adviser to the independent directors, said the terms of the offer were "reasonable" and advised them to recommend the deal, Great Eastern said in a statement.
