OCBC has an equity stake of 93.7% in Great Eastern Holdings, which contributes to the bank’s bottom line and its dividend. For the FY2025 ended Dec 31, 2025, Great Eastern Holdings returned a profit of $1.125 billion to the bank.
Oversea-Chinese Banking Corporation (OCBC) is not looking to privatise Great Eastern Holdings after its previous exercise in May 2024, says the bank’s chairman Andrew Lee at its 89th annual general meeting (AGM) on April 16.
Lee’s comments echo group CEO Tan Teck Long’s remarks made at the bank’s FY2025 results briefing on Feb 25. Back then, Tan said the exercise was a “chapter behind us already. We will not be looking at acquiring more GE shares in the foreseeable future.”
