On May 10, 2024, OCBC made a $1.4 billion privatisation bid for the 11.56% stake in Great Eastern that it did not own. At the time, Wong described the offer as a “natural progression” of the bank’s strategy.
Oversea-Chinese Banking Corporation (OCBC) has no plans to raise its stake in Great Eastern Holdings, says group CEO Tan Teck Long at the bank’s FY2025 results briefing on Feb 25, his first after succeeding Helen Wong, who stepped down on Dec 31, 2025.
“That is a chapter behind us already. We will not be looking at acquiring more GE shares in the foreseeable future,” says Tan in response to a query on the possibility of another buyout in the near term.
