OCBC’s and Great Eastern’s interest in Lendlease Global Commercial REIT falls

An advertisement for the Lendlease Global Commercial REIT IPO at the Paya Lebar Quarter Mall, which was developed by Lendlease.An advertisement for the Lendlease Global Commercial REIT IPO at the Paya Lebar Quarter Mall, which was developed by Lendlease.

OCBC’s deemed interest in Lendlease Global Commercial REIT fell to 10.912 percent from 11.111 percent after the disposal of 2.32 million shares for S$2.15 million in a market transaction, the bank said in a filing to SGX Friday.

OCBC’s interest is held by its subsidiaries, the filing said.

The decreased interest came after Great Eastern Life Assurance disposed of 1.85 million units, Great Eastern Trust disposed of 127,900 units and Lion Global Investors disposed of 343,200 units, the filing said.

Great Eastern Holdings said in a separate filing to SGX that its deemed interest in Lendlease Global Commercial REIT fell to 10.912 percent from 11.111 percent on the transactions.

Great Eastern Life Assurance also said its direct interest in the REIT fell to 8.482 percent from 8.64 percent, while its deemed interest remained at 0.486 percent. The deemed interest of 5.68 million units, or a 0.486 percent stake, is held by subsidiary Great Eastern Life Assurance (Malaysia), Great Eastern Life Assurance said in a separate filing to SGX.

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