Singapore: OCBC-backed Great Eastern to divest stake in Malaysian ops for $1b

Singapore: OCBC-backed Great Eastern to divest stake in Malaysian ops for $1b

View of Kuala Lumpur, Malaysia at night

Singapore’s Great Eastern Holdings, which is backed by OCBC Bank, is reportedly looking to divest its stake in its Malaysia operations for a consideration of $1 billion and has engaged a Malaysian bank to explore this opportunity.

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