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

7 international, Indian firms act on Kedaara Capital’s $350 mln U.S. bet

by Nimitt Dixit |

Akin Gump Strauss Hauer & Feld, Quillon Partners, and Kelley Drye & Warren have advised Indian private equity firm Kedaara Capital on its maiden bet in the data analytics and AI solutions market, committing $350 million strategic investment to San Jose, California-based Impetus Technologies.

Deals

SAM, Latham guide Hexaware’s upcoming $1.2 bln India IPO

by Nimitt Dixit |

Indian law firm Shardul Amarchand Mangaldas & Co has been mandated to assist Hexaware Technologies, an AI-focused tech company backed by Carlyle Group, on its upcoming initial public offering (IPO) in India, which is expected to raise $1.2 billion.

Deals

Ropes, Nishimura, MHM act on Bain’s $634 mln Jamco acquisition

by Nimitt Dixit |

 

Ropes & Gray and Nishimura & Asahi have advised U.S. investment fund Bain Capital on its $634 million acquisition of Japanese aircraft interior maker Jamco, which turned to Mori Hamada & Matsumoto for counsel.