Trading in GEH’s shares has been suspended since July 15, 2024, after its free float fell below 10%.
Shares in Great Eastern Holdings (GEH) opened at $13.21 at 9am on Aug 21 following a one-for-one bonus issue after less than 75% of the minority shareholders voted against delisting at the insurer’s extraordinary general meeting (EGM) on July 8.
On June 6, GEH and Oversea-Chinese Banking Corporation (OCBC) announced that, should the final exit offer of $30.15 per share be rejected, GEH will seek shareholders’ approval on a second proposal to restore its free float.
