Oversea-Chinese Banking Corporation Limited (OVCHF)
- Reuters
OCBC posts record Q1 profit, makes $1 billion bid to take Great Eastern private
SINGAPORE (Reuters) -Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and made a S$1.4 billion ($1.04 billion) offer to take its insurer arm Great Eastern private. OCBC, Great Eastern's biggest shareholder, offered a 37% premium over Great Eastern's last traded shares price to buy the 11.56% stake in the insurer that it does not currently own, valuing the insurer at S$12.12 billon. It plans to delist Great Eastern from the Singapore bourse if the deal goes through.
- Simply Wall St.
Exploring Top Dividend Stocks In Singapore May 2024
As of May 2024, the Singapore market continues to attract attention with its robust economic indicators and stable financial environment, fostering confidence among investors. Amidst this backdrop, dividend stocks remain a focal point for those seeking steady income streams in a landscape marked by ongoing global economic adjustments. In light of current market conditions, a good dividend stock typically combines reliable payouts with strong business fundamentals, making it an appealing...
- Simply Wall St.
Oversea-Chinese Banking (SGX:O39) Is Increasing Its Dividend To SGD0.42
Oversea-Chinese Banking Corporation Limited's ( SGX:O39 ) dividend will be increasing from last year's payment of the...
