In today’s briefing:
- Great Eastern (GE SP): OCBC Bumps Terms – $30.15/Share Exit Offer
- Higher Rubber Values Come In Handy For Vietnam, Though Volume Down
Great Eastern (GE SP): OCBC Bumps Terms – $30.15/Share Exit Offer
- The prior Offer for Great Eastern Holdings (GE SP) closed on the 12th July 2024, with OCBC holding 93.62%. Shares have been suspended ever since. Compulsory acquisition was not afforded.
- To break the deadlock, I mused in This Needs To Be Sorted: Great Eastern (GE SP)’s Protracted Suspension, that OCBC needed to come out with a improved Offer of ~S$30/share.
- That has now unfolded. Minorities have the option of a S$30.15/share Exit Offer; or voting for the resumption of trading, which will be possible via the issuance of bonus shares.
Higher Rubber Values Come In Handy For Vietnam, Though Volume Down
- During January-April 2025, exports at 452,866 tons, down 11% YoY
- January-April 2025 exports value at US$872.78 mn, up 20.4% YoY
- Vietnam Rubber Group reports net profit of US$45.4 mn in Q1 2025
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