Great Eastern Holders Vote on $704 Million OCBC Delist Plan (1)

Oversea-Chinese Banking Corp.’s final attempt to fully control Great Eastern Holdings Ltd. with its S$900 million ($704 million) bid will be tested on Tuesday, capping a two-decade quest by Singapore’s second-largest lender to take over the insurer.

OCBC is just 6.28% shy of complete ownership, and Great Eastern’s minority shareholders will vote at an extraordinary general meeting whether to delist the 117-year-old firm with an improved bid from the bank. If rejected, OCBC’s so-called ‘exit offer’ will lapse, paving the way for the insurer’s shares to resume trading.

Acquiring Great Eastern, one of the largest insurers in Singapore and ...