OCBC Bank is selling its 49.8 per cent stake in Raffles Investments Ltd (RIL) for 121.7 million to its former chairman Tan Chin Tuan.
OCBC Bank has sold its entire stake in subsidiary Raffles Investments Limited, at a profit of $52.8 millon.
Dinner for staff at Tan Tock Seng Hospital (TTSH) this evening will be black pepper chicken, shrimps with bean curd, breaded scallops and cabbage with sweet pepper, rounded off with a dessert of mango pudding.
The Tan Foundation, founded by banker and philanthropist Tan Chin Tuan, donated $500,000 to the Courage Fund yesterday.
If you are lucky enough to have regular lunches with a bank chairman, you can count on getting his solid advice on money matters.
Former OCBC chairman Tan Chin Tuan and his family have bought Grange Court for $23.4 million and plan to occupy the seven apartments and penthouse in the freehold block.