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Great Eastern says mulling options linked to minority stake in Malaysian operations

Samantha Chiew Published on Thu, Sep 21, 2017 / 8:11 AM GMT+8

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SINGAPORE (Sept 21): Great Eastern Holdings (GEH), the insurance arm of OCBC Bank, confirmed it is assessing possible options relating to a minority stake in Great Eastern Life Assurance (Malaysia).

However, GEH says the assessment is preliminary at the current moment and there is no certainty that an agreement will be entered into.

According to Dow Jones Newswires report on Tuesday, GEH is said to have engaged at least one Malaysian bank to explore selling its stake in its Malaysian operations for as much as US$1 billion ($1.4 billion).

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Great Eastern says mulling options linked to minority stake in Malaysian operations