Great Eastern Holdings Names OCBC Director Andrew Khoo as Non-Executive Director

TigerNews SG

Sep 10

Great Eastern Holdings (GEH) announced the appointment of Andrew Khoo Cheng Hoe as a non-executive and non-independent director, according to a regulatory filing submitted on September 5.

Khoo currently serves as a director at Oversea-Chinese Banking Corporation (OCBC), holds the position of board chairman at OCBC Bank (Hong Kong), serves as a director of OCBC Management Services, and is a board member of the National Environment Agency.

According to GEH, the board has been actively seeking qualified individuals to enhance the group's leadership at the board level. The company identified Khoo as possessing the necessary experience and expertise to strengthen board effectiveness.

GEH returned to trading on August 21 following a one-for-one bonus issue, after fewer than 75% of minority shareholders opposed the delisting proposal at the extraordinary general meeting held on July 8. The insurer's shares had been halted since July 2024, when OCBC launched a privatization offer valued at $25.60 per share.

Great Eastern Holdings shares finished trading on September 5 at $13.71, gaining 3 cents or 0.219% for the session.

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