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25
Jun

No intention to convert Class C shares to ordinary shares

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OCBC says it has no intention to convert its Class C non-voting shares to ordinary shares on or after the fifth anniversary of the first issuance of the shares. Oversea-Chinese Banking Corporation (OCBC) announced on June 23 that it is electing for the Class C non-voting shares at the request of Great Eastern Holdings G07 (GEH) to help the latter meet the free float requirement and the resumption of trading. Hence, OCBC has no intention to convert its Class C non-voting shares to ordinary shares on or after the fifth...
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25
Jun

‘No intention’ to convert Great Eastern Class C non-voting shares to ordinary ones in 5 years: OCBC

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SINGAPORE – OCBC Bank said it has “no intention” to convert its Class C non-voting shares in Great Eastern to ordinary shares when they come up for conversion in five years. In a statement on June 23, the lender said it does not intend to convert the Class C shares “on or after the fifth anniversary of the first issuance” as it would result in Great Eastern losing its free float again. “OCBC is electing for the Class C non-voting shares at Great Eastern’s request to help Great Eastern to...
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25
Jun

OCBC says it will not make further offers for Great Eastern even if delisting proposal fails

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Oversea-Chinese Banking Corp (OCBC) on Monday (Jun 23) said that it has no intention to make another offer to buy the rest of Great Eastern in the future in the event shareholders opted to not delist the insurer from the Singapore bourse. OCBC was responding to a media report saying that it can still propose to take Great Eastern private when its non-voting shares are due in five years if the latest delisting proposal by Great Eastern cannot be achieved in an EGM on Jul 8. OCBC, Singapore’s second-largest lender,...
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25
Jun

Brazilian tourist found dead after falling into active volcano in Indonesia: Latest

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Recap: Juliana Marins has been found dead after four days stranded Juliana Marins has been found dead after she was stranded on a volcano cliff in Indonesia for four days. The 27-year-old was hiking with five friends on Mount Rinjani on Saturday when she slipped and fell off a cliff on the side of the 3,726-meter (12,224 feet) mountain, according to Indonesian authorities. Located in West Nusa Tenggara province, the active volcano is a popular tourist site in the Southeast Asian archipelago. “After four days of work, hindered by adverse...
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25
Jun

Top Beauty Offers for 2025: Tula Skincare Balms in Amazon’s Big Spring Sale

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The Tula Rose Glow + Get It Cooling & Brightening Eye Balm is highlighted as a favorite product for tired eyes. This eye balm is praised for its cooling effect, attributed to menthyl lactate, and for providing instant relief to puffy, dry under-eyes. It contains ingredients like hyaluronic acid, caffeine, aloe water, apple, watermelon, blueberry, and probiotics that promise hydration, reduced fine lines, and protection for delicate skin. Additionally, the balm is travel-friendly, easy to apply over makeup, and free from harmful ingredients, making it suitable for sensitive skin. It...
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