The announcement was made alongside the group's results statement, in which it reported earnings of $248.2 million for the 2QFY2025 ended June 30, 11% lower y-o-y. The earnings decline was due to lower profit from the group’s insurance business for the quarter.
Great Eastern Holdings says it will proceed to issue 473.3 million of its bonus ordinary shares and, or its Class C non-voting shares on or around Aug 19.
The issuance comes after the group’s shareholders voted against delisting at its extraordinary general meeting (EGM) on July 8.
