Stock Analysis: Overseas-Chinese Banking Corporation
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OCBC Bank recommends setting a neutral target price of SGD 17.50 for Great Eastern Holdings, with the current closing price at SGD 16.14 (-0.12%). To address the suspension issue of Great Eastern, OCBC Bank has proposed two options for minority shareholders to choose from: first, a conditional exit offer at SGD 30.15 per share; second, if the offer does not receive 75% support, a one-for-one bonus share will be issued. The exit offer is expected to be accepted, and OCBC Bank's financial condition is anticipated to remain largely unaffected
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