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GE to Resume Trading After Bonus Issue Lifts Free Float Above 10%
The Straits Times
|August 15, 2025
Great Eastern (GE) is set to resume trading on the Singapore Exchange after a proposed bonus issue restored the insurer's minimum free float requirement.
About 11.76 per cent of the company's voting rights will now be held by the public, which meets the free float requirement minimum of 10 per cent, the company announced on Aug 14.
GE will ask for the trading suspension to be lifted and its stock to resume trading on Aug 21.
The shares were suspended in July 2024 after the public float fell below the 10 per cent minimum following a takeover bid by majority shareholder OCBC.
Following the bonus issue, 29.7 million bonus ordinary shares and 443.6 million Class C non-voting shares were issued.
Around 5,400 Class C non-voting shares were also issued to public shareholders.
This story is from the August 15, 2025 edition of The Straits Times.
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