Acceptance urged
The listed Bank of Singapore (Australia) has recommended shareholders to accept the sAustso million (SNZ7I million) cash bid by its parent, Overseas-Chinese Banking Corporation (OCBC). OCBC had said the sAustl a share offer was unconditional and would not be increased, Bank of Singapore’s deputy Chairman, Michael GleesonWhite, said in a letter to shareholders. “My board has considered OCBC’s offer and has recommended that shareholders accept the offer,” he said.
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Press, 18 February 1989, Page 30
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71Acceptance urged Press, 18 February 1989, Page 30
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