Trading of Great Eastern shares to be suspended after OCBC closes takeover offer

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Trading of Great Eastern shares to be suspended after OCBC closes takeover offer

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13-07-2024, 04:10 AM

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Trading of Great Eastern shares to be suspended after OCBC closes takeover offer

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: The trading of Great Eastern shares will be suspended from Monday (Jul 15) as less than 10 per cent of the listed company is now owned by the public, the insurer announced late on Friday.

OCBC's takeover offer for Great Eastern closed on Friday, with the bank holding more than 93 per cent of the company.

As of 5.30pm on Friday, the bank had 93.32 per cent of its total shares, up from the 88.44 per cent it originally had two months ago when it first announced a...

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