On June 6, GEH and Oversea-Chinese Banking Corporation (OCBC) presented a revised offer price of $30.15, which represents a “material increase” from the previous offer of $25.60.
Shareholders are urged to review the terms of Great Eastern Holdings (SGX:G07
) ’ (GEH) new offer carefully, weigh them against their individual investment circumstances and objectives, and make informed decisions accordingly, says Securities Investors Association (Singapore) or SIAS in a June 6 statement signed by founder, president & CEO, David Gerald.
While shareholders will welcome GEH’s new delisting offer after an extended 11-month wait, SIAS notes that it has been a “prolonged and uncertain period” for shareholders with GEH seeking “extension after extension”.
