OCBC Bank (SGX:O39) disclosed a S$370,817 derivative contract on Dec. 19 for a non-discretionary client holding Suntec Real Estate Investment Trust (SGX:T82U) units, according to a Friday filing on the Singapore Exchange.
The 12-month contract has a strike price of SG$1.2409 per unit and a knockout price of SG$1.121. Following the deal, OCBC and its subsidiaries hold 22.5 million units or 0.77% of Suntec REIT.
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