Wolf Money(Statement on OCBC offer for Great Eastern Holdings by SIAS and Minority Leader, Chin Woo)

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Statements released by SIAS and Minority Leader, Chin Woo.

SIAS advises minority shareholders of Great Eastern Holdings to wait for IFA report before deciding the outcome.

Minority Leader, Chin Woo, called for b.o.d of Great Eastern to maximise value for all shareholders by conducting an open auction for Great Eastern to solicit for higher offer from third party bidder with OCBC given the first right of refusal.

The offer in my personal opinion still undervalues Great Eastern by a mile. To be honest, Lone Wolf want to sell my GEH shares but I can’t be giving half the house away. I will wait for IFA report before making any decision*.

*not an inducement to buy or sell.

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Disclaimers 

All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.



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