Great Eastern to purchase stake in Boost Holdings.
BANKING AND CREDIT NEWS-June 26, 2020--Great Eastern to purchase stake in Boost Holdings
(C)2020 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 26 June 2020
Singapore-based insurance services provider, Great Eastern, a unit of Oversea-Chinese Banking Corp (OCBC) (SES:039), has announced plans to purchase a stake in Malaysia-based Boost Holdings.
Great Eastern is to purchase a 21.875 per cent stake in Boost Holdings Sdn Bhd. The move would make it an equity partner with Axiata Digital Services Sdn Bhd. The deal is believed to be worth USD70m and would help enhance Boost Holdings'...
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