Investors, including investor relations personnel of listed companies, analysts and retail investors are asking how Great Eastern Holdings is able to get three extensions to its suspension. The stock has been suspended since July 15, 2024.
“The delisting process of a publicly traded company often comes with challenges, particularly when minority shareholders refuse to tender their shares. In cases where a delisting attempt fails due to insufficient acceptances, an alternative strategy may emerge,” says investor Ong Chin Woo. He terms this move "continuous suspension of trading".
For those who have followed the Great Eastern Holdings (SGX:G07
) privatisation, Ong is a minority investor of Great Eastern Holdings and a vocal advocate for minority shareholders; and he isn’t the first investor to question the extension of the suspension of Great Eastern.
