Someone wants to buy OCBC Bank and GEH's shares in F&N and APB

There is an offer to purchase, but shareholders are advised there is no certainty that any transaction will be entered into.

Oversea-Chinese Banking Corporation Limited and Great Eastern Holdings Limited announced that they have been approached with an offer to purchase, among others, their combined stakes in Fraser and Neave, Limited and Asia Pacific Breweries Limited, and discussions are ongoing.

Meanwhile shareholders are further advised to exercise caution when dealing in the shares of OCBC Bank and GEH and to refrain from taking any action in respect of their investments which may be prejudicial to their interests.

“In the event that shareholders wish to deal in the shares, they should seek their own professional advice and consult with their own stockbrokers,” recommended OCBC Bank and GEH.