<div class=newsTextDataWrapInner><p>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</p></div>

<div class=newsTextDataWrapInner><p>According to a Friday statement, this will strengthen OCBC’s business pillars of banking, wealth management and insurance, and optimise its capital to enhance shareholder returns.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The offer price of S$25.60 represents a<a href="https://www.theedgesingapore.com/news/company-news/ocbc-makes-privatisation-bid-great-eastern-2560-offer-price?utm_source=WeekdayEDM&amp;utm_medium=email&amp;utm_campaign=FREE" target="_blank"><em>...(click on link for full story on theedgesingapore.com)</em></a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/711044" target="_blank">Singapore’s OCBC posts record 1Q profit, lifts margin guidance for 2024</a></em></p></div>


SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.

Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

US debt load tops Fed’s survey of financial stability risks

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

Govt committed to raising allocations to all states — PM

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

<p>KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.&nbsp;</p>
