Accordingly, the independent directors of Great Eastern have also recommended that shareholders accept the exit offer and vote in favour of the delisting.
Ernst & Young Corporate Finance in its capacity as the independent financial advisor (IFA) advising Great Eastern’s delisting, is of the opinion that the terms of the offer are fair and reasonable, according to the circular to shareholders on June 9.
The IFA has advised the independent directors to recommend to shareholders to vote in favour at the upcoming EGM on July 8, 2025.
