The stock jumped almost 2 per cent on April 17, when the bank addressed questions on why OCBC is raising its stake in Great Eastern (GE) and if the $1.4 billion it has offered to buy up the insurer’s shares is appropriate. Speaking on April 17 at the bank’s annual general meeting (AGM) for the financial year ended 2024, OCBC chairman Andrew Lee emphasised that GE directly contributes nearly $1 billion in annual profit to OCBC and plays a growing role in the bank’s earnings. Based on the questions submitted by shareholders prior to the AGM, CDL’s board can expect to be quizzed on the widening gap between its share price and net asset value, as well as its corporate governance practices and leadership strategy.
Author: Kang Wan Chern
Published at: 2025-04-20 21:00:00
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