$Great Eastern (G07.SG)$ OCBC announced that it bought 2.3 m...
$Great Eastern(G07.SG$ OCBC announced that it bought 2.3 million shares of Great Eastern Holdings 0.06% for $16.99 apiece. The tranche cost $39.9 million. The purchase in the market takes OCBC stake in GEH from 87.9% to 88.4%..
1.6% more to make an take over offer.![]()
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snoopy123 : shifu, can buy GE for OCBC buyout offer?
CᖇYᑌI᙭ : Wah
LouisLZH : shifu what happen GE lose 10% free float?
Stock WatchOP snoopy123: Yes..
Stock WatchOP LouisLZH: SGX might suspend the trading. Very very likely OCBC ( cash rich) will make an offer soon
LouisLZH Stock WatchOP: what u guess of offer price? the market float very little now
Stock WatchOP LouisLZH: 19.7 -20.7 (max 21.7)
102474396 Stock WatchOP: so low??
Stock WatchOP 102474396: cos OCBC 100% success..left with 1.6%
unless ocbc offer near to fair value
102474396 Stock WatchOP: what is the fair value?
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