The Business Times
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HOCK LOCK SIEW

OCBC should put its properties into a Reit and distribute the trust’s units to shareholders

Redeveloped Chulia and Church Streets properties can anchor a Reit

Leslie Yee

Leslie Yee

Published Thu, Apr 25, 2024 · 05:00 AM
    • The initiative can create a new CBD landmark which meets the needs of today’s space users.
    • The initiative can create a new CBD landmark which meets the needs of today’s space users. PHOTO: YEN MENG JIIN, BT

    WHAT does not kill one makes one stronger. This adage might aptly describe Singapore’s listed banking trio, which have emerged strongly from the Covid-19 pandemic.

    Take Singapore’s longest established bank, OCBC . It was formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912.

    Shareholders who gather at the bank’s annual general meeting (AGM) on Apr 30 at Sands Expo & Convention Centre will have much to celebrate.

    OCBCReitsSingapore propertyCommercial & IndustrialSingapore commercial propertySingapore officesHock Lock Siew

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