Skip to main content
news
The exterior of Oversea-Chinese Banking Corporation (OCBC) bank at the central business district in Singapore, February 17, 2022. REUTERS/Caroline Chia

 

Singapore Big Four law firm WongPartnership is advising insurer Great Eastern Holdings in relation to a S$1.4 billion ($1 billion) buyout offer from its top shareholder, Oversea-Chinese Banking Corporation (OCBC), which is being represented by Allen & Gledhill.

OCBC, Singapore's second-biggest lender, announced the voluntary unconditional general offer on May 10 to acquire the 11.56 percent stake in Great Eastern that it does not already own.

Great Eastern is Singapore's largest insurer, with over S$100 billion in assets and more than 16 million policyholders, including 13 million from government schemes.

Partners Ng Wai King, Chan Sing Yee, and Soong Wen E are leading the WongPartnership team.

The A&G team is led by partners Lim Mei, Prawiro Widjaja, Lee Kee Yeng, and Jerald Soon.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

NO&T, STB, AMT, Davis Polk advise on Japan's biggest IPO in 6 years

by Asian Legal Business《亚洲法律杂志》 |

Nagashima Ohno & Tsunematsu and Simpson Thacher & Bartlett have advised Tokyo Metro on its 348.6 billion yen ($2.3 billion) initial public offering, Japan's largest in six years.

Deals

CAM, Trilegal act on Adani’s latest $500mln QIP

by Nimitt Dixit |

Cyril Amarchand Mangaldas has represented Adani Enterprises, the Adani Group’s flagship entity, on its $500 million qualified institutional placement, with Trilegal advising the placement agents SBI Capital Markets, Jefferies India, and ICICI Securities.

Deals

CAM, Khaitan guide latest major India cement M&A

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising the Adani-held Ambuja Cement on its acquisition of 46.8 percent controlling stake in Orient Cement (OCL) for approximately $451 million. Khaitan & Co is representing OCL on the deal.