Great Eastern issues bonus shares with trading set to resume

After the issue, GEH will have 503.03 million ordinary shares.

Great Eastern Holdings Limited (GEH) said shareholders have chosen to receive 443.61 million Class C non-voting shares and 29.71 million bonus ordinary shares from its planned bonus share issue of up to 473.32 million shares.

The shares were given on a one-for-one basis to eligible shareholders.

After the issue, GEH will have 503.03 million ordinary shares and 443.61 million Class C non-voting shares.

Public investors will own about 11.76% of the ordinary shares, meeting the Singapore Exchange’s requirement.

Oversea-Chinese Banking Corporation (OCBC) will hold 88.19% of the ordinary shares and all of the Class C shares.

With the public shareholding restored, GEH will ask for its trading suspension to be lifted.

Trading is expected to restart on 21 August, when the bonus ordinary shares will also be listed on the SGX.

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