Breaking Wealth Falling from the Sky SBAGAN Sungai Bagan related stocks rose for 2 consecutive days

$OCBC Bank(O39.SG)$ privatizing $Great Eastern(G07.SG)$ Let established implant stocks that hold shares in Big Oriental $SBAGAN(2569.MY)$ Wealth fell from the sky, and stock prices soared sharply.

OCBC announced on Friday that it plans to fully purchase and privatize Grand Oriental Holdings for S$1.4 billion (approximately RM4.9 billion). The bank offered S$25.60 per share to acquire Dadongfang's shares. Dadongfang's last transaction price last Friday was S$18.70, at a premium of 36.9%.

As soon as the news came out, Dadongfang's stock price also rose by 37.65% to SGD 25.85.

How much is 1 share of Great Eastern worth, exactly how much is it? Sungai Bagan holds 1% of the shares of Grand Oriental Holdings or equivalent to 4,763,000 shares. If calculated at SGD 25.60 per share, the total value is RM426.88 million 4,763,000 shares. If calculated at SGD 25.60 per share, the total value is RM426.88 million. This is really a market capitalization. After two days of rising net profit, it has reached the level of RM437.8 million.

parent company $KLUANG(2453.MY)$ and sister companies $KUCHAI(2186.MY)$ Stock prices have also been encouraged.

Big Oriental's privatization soared to 400 million, and Sungai Bagan soared in related stocks (enanyang.my)