Daily Cuts - Insured by Great Eastern? Here’s what the OCBC privatisation bid means for you
OCBC Bank made a $1.4 billion offer to privatise the remaining stake in its insurance arm Great Eastern Holdings, in the wake of shareholder unhappiness over falling returns. On Asia First, Andrea Heng and Hairianto Diman speak with Cyrus Daruwala, Managing Director, Global Financial Services, IDG to find out how this affects the clients of the insurance provider and the changes that may have an impact on their insurance coverage.
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15 min
