What occurred?
Many buyers in Singapore have been watching OCBC’s supply for Nice Japanese (GE) intently. Earlier, OCBC introduced a voluntary unconditional common supply for the 11.56% stake in Nice Japanese Holdings Restricted (GEH) that it didn’t personal at a proposal value of S$25.60 per share. On 24 June 2024, OCBC additional introduced that along with live performance events, it has garnered 90.16% of the shares in GE. This led to many questions by buyers about what are the completely different eventualities which will pan out from right here, and the way they’ll probably influence shareholders of GE. Allow us to discover out extra about OCBC’s supply for GE, and what it means for shareholders for GE.
What you must learn about OCBC’s supply for Nice Japanese
OCBC launched a common supply to amass the remaining 11.56% stake in Nice Japanese Holdings (GE) that it doesn’t personal. The supply value is S$25.60 per…
