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OCBC raises stake in Great Eastern

Friday, July 1, 2016 - 17:34
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LOCAL lender OCBC Bank on Friday said in a filing to the local bourse that it has purchased 611,800 shares at S$20.59 apiece in Great Eastern Holdings for a total of S$12.6 million.

LOCAL lender OCBC Bank on Friday said in a filing to the local bourse that it has purchased 611,800 shares at S$20.59 apiece in Great Eastern Holdings for a total of S$12.6 million.

Great Eastern is a subsidiary of the bank.

The purchase has increased the bank's shareholding in Great Eastern from 87.6 per cent to 87.73 per cent.

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