Hence Oversea-Chinese Banking Corporation (OCBC), the offeror, is exempted from making substantial shareholding notifications in respect of any change in its interest in GEH shares as a result of acceptances received. OCBC would, however, be required to announce any market purchases of GEH shares.
Some Great Eastern Holdings (SGX:G07
) (GEH) shareholders have asked both the offeror and GEH why there hasn't been any update of acceptances by the offeror.
According to the reporting requirements under the Securities and Futures Act (SFA), an offeror is not required to disclose its acceptances under the Securities and Futures Disclosure of Interests Regulations.
