Overseas Chinese Banking Corporation (OCBC Bank)

[brattzz]

game over and well done!

Now to raise funds!

[touzi]

OCBC owns 97.52% of Wing Hang allowing it to delist bank

Oversea-Chinese Banking Corp. said it now owns 97.52% of Wing Hang Bank as shareholders accepted its US$5 billion ($6.2 billion) takeover offer, allowing the acquirer to take its Hong Kong target private.
...
http://www.theedgesingapore.com/the-dail...-bank.html

That means Elliot Capital also accepted the offer ??!!

[desmondxyz]

OCBC owns 97.52% of Wing Hang allowing it to delist bank

Oversea-Chinese Banking Corp. said it now owns 97.52% of Wing Hang Bank as shareholders accepted its US$5 billion ($6.2 billion) takeover offer, allowing the acquirer to take its Hong Kong target private.
...
http://www.theedgesingapore.com/the-dail...-bank.html

That means Elliot Capital also accepted the offer ??!!

Nothing so surprise.....they bought and sold at the same price, basically they just lose some brokerage fee...

[kbl]

Good morning everyone.

OCBC Group Reports Record Second Quarter 2014
Net Profit after Tax of S$921 million
Half Year earnings rose 41% to a new high, supported by healthy business momentum

As at 30 June 2014, the Common Equity Tier 1 capital adequacy ratio (“CAR”) was 14.7% and Tier 1
CAR and Total CAR were 14.7% and 17.4% respectively. Based on Basel III transitional
arrangements, these ratios were well above the respective regulatory minima of 5.5%, 7% and 10%.

An interim dividend of 18 cents per share has been declared for the first half of 2014.
The Scrip Dividend Scheme will be applicable to the interim dividend, giving shareholders the option to
receive the dividend in the form of shares. The issue price of the shares will be set at a 10% discount
to the average of the daily volume weighted average prices during the price determination period from
25 August to 27 August 2014, both dates inclusive.
The interim dividend payout will amount to approximately S$628 million, representing 35% of the
Group’s 1H14 net profit after tax.



http://infopub.sgx.com/FileOpen/OCBC_2Q1...eID=308297


<vested-oldpot><not a call to buy or sell>

[pubster]

I understand that a 18 cents dividend is announced for the first half of 2014.

I own a few OCBC shares through CPF. During the last dividend a few months back, I had opt for scrip. But I had to wait for them to mail me the form, then go to my CPF agent bank to submit.

But due to my overseas job posting, I will only be able to check my mails only 1-2 months each time. As such, I might miss the letter and miss the chance to opt for scrip this time.

Do anyone here knows if there is a way of doing this online?

Thank you very much for the help.

[viruskbs]

here is the link may be you can find something there

https://www.ocbc.com/assets/pdf/Dividend...tement.pdf

[touzi]

I understand that a 18 cents dividend is announced for the first half of 2014.

I own a few OCBC shares through CPF. During the last dividend a few months back, I had opt for scrip. But I had to wait for them to mail me the form, then go to my CPF agent bank to submit.

But due to my overseas job posting, I will only be able to check my mails only 1-2 months each time. As such, I might miss the letter and miss the chance to opt for scrip this time.

Do anyone here knows if there is a way of doing this online?

Thank you very much for the help.

Email or call your CPF bank, they should be able to help.

[pubster]

here is the link may be you can find something there

https://www.ocbc.com/assets/pdf/Dividend...tement.pdf

Email or call your CPF bank, they should be able to help.

Thank you for both replies.

I will be back for a week during mid Sept and I will check with my CPF bank during then. Hopefully its not too late for this dividends.

[CityFarmer]

here is the link may be you can find something there

https://www.ocbc.com/assets/pdf/Dividend...tement.pdf

Email or call your CPF bank, they should be able to help.

Thank you for both replies.

I will be back for a week during mid Sept and I will check with my CPF bank during then. Hopefully its not too late for this dividends.

I recall, you can opt for a permanent one, which means future dividends are in scrip automatically, if the scrip dividends are available. It might not help you this round, but might help for future rounds.

[pubster]

here is the link may be you can find something there

https://www.ocbc.com/assets/pdf/Dividend...tement.pdf

Email or call your CPF bank, they should be able to help.

Thank you for both replies.

I will be back for a week during mid Sept and I will check with my CPF bank during then. Hopefully its not too late for this dividends.

I recall, you can opt for a permanent one, which means future dividends are in scrip automatically, if the scrip dividends are available. It might not help you this round, but might help for future rounds.

Thanks. I recalled there is such an option as well. But the cautious me decided to opt for script one at a time... Regretted my choice. Taking OCBC bank scrip is often a safe choice in my opinion.

But let say if one choose permanent scrip, does it mean it will no longer send me the notice and I had to call the CPF agent bank to convert back myself if I decided to go for cash on the next round?