(June 25): Oversea-Chinese Banking Corp now owns more than 90% of Singaporean insurer Great Eastern, an exchange filing by the city-state's second-largest lender showed on Tuesday.

OCBC made an offer in May to buy an 11.56% stake in Great Eastern it did not already own for S$1.4 billion (US$1.03 billion or RM4.85 billion).

Great Eastern will now be forced to suspend trading in its shares after the offer closes on July 12 as the insurer's public float has now dropped below 10%.

The Singapore stock exchange will lift the suspension on trading in Great Eastern shares once the public shareholding returns to at least 10%.

Uploaded by Magessan Varatharaja