Great Eastern Holders to Vote on $704 Million OCBC Delist Plan
Save
Oversea-Chinese Banking Corp. 's final attempt to fully control Great Eastern Holdings Ltd. with its S$900 million ($704 million) bid will be tested on Tuesday, capping a two-decade quest by Singapore's second-largest lender to take over the insurer.
OCBC is just 6.28% shy of complete ownership, and Great Eastern's minority shareholders will vote at an extraordinary general meeting whether to delist the 117-year-old firm with an improved bid from the bank. If investors representing 75% of the shares present at the EGM reject that plan, OCBC's so-called 'exit offer' will lapse, paving the way for the insurer's shares to resume trading.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Jiumaojiu International Holdings Leads The Charge In Asian Penny Stocks
Amid ongoing global economic shifts, Asian markets have been navigating the complexities of trade tensions and domestic policy adjustments. Penny stocks, while often considered a niche investment area, continue to capture attention due to their potential for growth in smaller or newer companies. By focusing on those with strong financial health and clear growth potential, investors can find opportunities among these stocks that might offer both stability and upside. Name Share Price Market Cap Financial Health Rating YKGI (Catalist:YK9) SGD0.102 SGD43.35M ★★★★★★ Lever Style (SEHK:1346) HK$1.37 HK$864.4M ★★★★★★ TK Group (Holdings) (SEHK:2283) HK$2.25 HK$1.87B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.44 SGD178.33M ★★★★★☆ Goodbaby International Holdings (SEHK:1086) HK$1.16 HK$1.94B ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.32 SGD9.13B ★★★★★☆ Ekarat Engineering (SET:AKR) THB0.92 THB1.35B ★★★★★★ Beng Kuang Marine (SGX:BEZ) SGD0.23 SGD46.51M ★★★★★★ BRC Asia (SGX:BEC) SGD3.33 SGD913.59M ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$4.21 HK$48.33B ★★★★★★ Click here to see the full list of 983 stocks from our Asian Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Jiumaojiu International Holdings Limited operates Chinese cuisine restaurant brands across several countries, including China, Singapore, Canada, Malaysia, the United States, Thailand and Indonesia with a market cap of HK$4.10 billion. Operations: The company's revenue is primarily derived from its restaurant brands, with Tai Er generating CN¥4.41 billion, Jiu Mao Jiu contributing CN¥546.18 million, and Song Hot Pot accounting for CN¥894.97 million. Market Cap: HK$4.1B Jiumaojiu International Holdings has shown mixed financial performance, with a reduction in profit margins from 7.6% to 0.9% over the past year, largely due to a significant one-off loss of CN¥142.5 million. Despite this, the company maintains a strong balance sheet with more cash than its total debt and short-term assets exceeding liabilities, indicating solid financial health. Recent announcements include a special dividend of HKD 0.02 per share for 2024, reflecting shareholder returns despite decreased profitability and negative earnings growth of -87.7%. The board is experienced; however, management's average tenure suggests new leadership dynamics. Unlock comprehensive insights into our analysis of Jiumaojiu International Holdings stock in this financial health report. Review our growth performance report to gain insights into Jiumaojiu International Holdings' future. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Zhewen Pictures Group Co., Ltd. operates in China by producing and selling yarns, with a market capitalization of CN¥4.51 billion. Operations: Revenue Segments: No specific revenue segments have been reported by the company. Market Cap: CN¥4.51B Zhewen Pictures Group Co., Ltd. has demonstrated encouraging financial metrics, with a significant reduction in its debt to equity ratio from 100.8% to 27.3% over five years and more cash than total debt, indicating robust financial management. The company's short-term assets of CN¥2.8 billion comfortably cover both short and long-term liabilities, reflecting strong liquidity. Despite recent earnings growth of 22%, this is below its impressive five-year average of 79.6%. Recent quarterly results show revenue rising to CN¥780.69 million from CN¥615.79 million year-on-year, with net income increasing modestly amidst stable profit margins and no meaningful shareholder dilution observed recently. Click to explore a detailed breakdown of our findings in Zhewen Pictures Groupltd's financial health report. Gain insights into Zhewen Pictures Groupltd's historical outcomes by reviewing our past performance report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Sanxiang Impression Co., Ltd. is involved in the development of real estate properties in China, with a market cap of CN¥4.33 billion. Operations: The company generates revenue of CN¥1.39 billion from its operations in China. Market Cap: CN¥4.33B Sanxiang Impression Co., Ltd. showcases solid financial stability with short-term assets of CN¥4.6 billion exceeding both its short and long-term liabilities, indicating strong liquidity. The company's recent earnings growth is substantial, with net income rising to CN¥15.58 million for the first quarter of 2025, reversing a previous loss. Despite a low return on equity at 0.4%, the firm's debt management is commendable, reducing its debt to equity ratio significantly over five years and maintaining satisfactory interest coverage at 10.1 times EBIT. However, the recent cancellation of an acquisition deal may impact strategic opportunities moving forward. Click here and access our complete financial health analysis report to understand the dynamics of Sanxiang Impression. Learn about Sanxiang Impression's historical performance here. Take a closer look at our Asian Penny Stocks list of 983 companies by clicking here. Seeking Other Investments? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 23 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:9922 SHSE:601599 and SZSE:000863. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
30 minutes ago
- Yahoo
While insiders own 49% of Tai Sin Electric Limited (SGX:500), individual investors are its largest shareholders with 51% ownership
Significant control over Tai Sin Electric by individual investors implies that the general public has more power to influence management and governance-related decisions 49% of the business is held by the top 17 shareholders Insider ownership in Tai Sin Electric is 49% AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. To get a sense of who is truly in control of Tai Sin Electric Limited (SGX:500), it is important to understand the ownership structure of the business. With 51% stake, individual investors possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And individual insiders on the other hand have a 49% ownership in the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Let's take a closer look to see what the different types of shareholders can tell us about Tai Sin Electric. See our latest analysis for Tai Sin Electric We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common. There could be various reasons why no institutions own shares in a company. Typically, small, newly listed companies don't attract much attention from fund managers, because it would not be possible for large fund managers to build a meaningful position in the company. Alternatively, there might be something about the company that has kept institutional investors away. Tai Sin Electric's earnings and revenue track record (below) may not be compelling to institutional investors -- or they simply might not have looked at the business closely. Hedge funds don't have many shares in Tai Sin Electric. The company's CEO Boon Hock Lim is the largest shareholder with 18% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.8% and 3.7% of the stock. Interestingly, the third-largest shareholder, Chai Lai Lim is also a Unit Chairman, again, indicating strong insider ownership amongst the company's top shareholders. A deeper look at our ownership data shows that the top 17 shareholders collectively hold less than half of the register, suggesting a large group of small holders where no single shareholder has a majority. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. It seems insiders own a significant proportion of Tai Sin Electric Limited. It has a market capitalization of just S$209m, and insiders have S$103m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. The general public -- including retail investors -- own 51% of Tai Sin Electric. With this amount of ownership, retail investors can collectively play a role in decisions that affect shareholder returns, such as dividend policies and the appointment of directors. They can also exercise the power to vote on acquisitions or mergers that may not improve profitability. It's always worth thinking about the different groups who own shares in a company. But to understand Tai Sin Electric better, we need to consider many other factors. Be aware that Tai Sin Electric is showing 1 warning sign in our investment analysis , you should know about... Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
43 minutes ago
- Yahoo
Why Taxing Bitcoin 'Doesn't Make A Ton Of Sense' According To Bill Miller IV
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Miller Value Partners investment chief Bill Miller IV has questioned the government's right to tax Bitcoin. "If you think about why you pay taxes in society, it's to enforce property rights," the son of legendary investor Bill Miller III told Bitcoin educator Natalie Brunell on a "Coin Stories" podcast episode released last week. "And so the government, when you say buy or sell a house, all that recordation tax, all those taxes go towards keeping track of who owns what." Miller said taxing Bitcoin did not feel right because the blockchain handled these administrative tasks. "For them to reach their hand in there, It doesn't make a ton of sense," he said. Don't Miss: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. $100k+ in investable assets? – no cost, no obligation. Miller made these remarks in defense of long-rumored plans of the Trump administration pushing for zero capital gains tax for cryptocurrencies, a move that, if it happened, could put the U.S. on par with cryptocurrency hubs such as Dubai, Singapore and the Bahamas. "Whether or not that ultimately happens ... it is very cool that there's still no wash sale rule on Bitcoin," he said. The wash sale rule prevents investors from claiming tax deductions on artificial losses from securities. It prohibits investors from claiming a loss when they sell a security at a loss and purchase it again within 30 days. The rule does not apply to cryptocurrencies in the U.S. because the IRS classifies cryptocurrencies as property, not securities. This allows cryptocurrency investors to employ tax loss harvesting strategies to reduce tax burdens. Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. U.S. cryptocurrency investors face capital gains taxes of up to 20% in the status quo. While a zero capital gains policy for cryptocurrencies remains only a rumor in the U.S., there is at least one piece of legislation seeking to lower the tax burdens of cryptocurrency users. Sen. Cynthia Lummis (R-WY) last week introduced legislation to address several cryptocurrency tax concerns in the U.S. For example, the bill aims to prevent the inclusion of transactions below $300 in tax calculations with an annual cap of $5,000 to allow people to engage in small day-to-day transactions like payments without worrying about capital gains. The legislation would also end double taxation on cryptocurrencies received through airdrop, forks, mining and staking by eliminating tax on when the assets are obtained, while maintaining capital gains tax when they are sold."In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset users," Lummis said in a statement. "We cannot allow our archaic tax policies to stifle American innovation, and my legislation ensures Americans can participate in the digital economy without inadvertent tax violations." According to Miller, tax complications continue to hinder full-on institutional adoption. "As a fund manager, we still have huge impediments to actually buying it [Bitcoin] because there's taxation rules around bad income if we buy ETFs and sell it at the wrong time," Miller told Brunell. "And so that all needs to be worked out. So that's why I continue to say it's still early, just because the taxation rules around it are really interesting." Read Next: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O'Reilly and Rudy Giuliani are . Image: Shutterstock This article Why Taxing Bitcoin 'Doesn't Make A Ton Of Sense' According To Bill Miller IV originally appeared on
