OCBC makes $1bn privatisation bid for Great Eastern [Yahoo! Finance]
SINGAPORE EXCH UNSP/ADR (SPXCY)
NASDAQ:AMEX Investor Relations:
investorrelations.sgx.com
Company Research
Source: Yahoo! Finance
The offer price of S$25.6 per share marks a 36.9% premium over Great Eastern's last stock close of S$18.7. This proposed acquisition would increase OCBC's stake in Great Eastern to 100%, up from the current 88.44%. If the deal is materialised, it will lead to OCBC delisting the insurer from Singapore Exchange Securities Trading. Great Eastern, established in 1908, claims to have more than S$100bn in assets and serve more than 16 million policyholders. It operates through multiple channels, including a tied agency force, bancassurance and its financial advisory unit. The acquisition is part of OCBC's broader strategy to fortify its core business areas – banking, wealth management and insurance. By integrating Great Eastern more closely, OCBC aims to capitalise on the growing demand for wealth management solutions in Asia. This acquisition is anticipated to be earnings accretive for OCBC, with Great Eastern historically contributing an average of S$700m annually to OCBC's
Show less
Read more
Impact Snapshot
Event Time:
SPXCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPXCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPXCY alerts
High impacting SINGAPORE EXCH UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SPXCY
News
- Exploring Three SGX Dividend Stocks For Your Portfolio [Yahoo! Finance]Yahoo! Finance
- 3 SGX Dividend Stocks Delivering From 3.7% To 9.6% Yield [Yahoo! Finance]Yahoo! Finance
- SGX Dividend Stocks To Watch In May 2024 [Yahoo! Finance]Yahoo! Finance
- 3 High Yield Dividend Stocks On SGX With Returns Up To 9.6% [Yahoo! Finance]Yahoo! Finance
- Exploring Three SGX Dividend Stocks For Stable Income Opportunities [Yahoo! Finance]Yahoo! Finance