Great Eastern Holdings (SGX:G07) will resume trading after a vote to delist the company fell through at an extraordinary general meeting held Tuesday, according to a same-day filing with the Singapore Exchange.
63.49% minority shareholders voted in favor of a conditional exit offer from Oversea Chinese Banking Corp. or OCBC (SGX:O39). The resolution required 75% votes to be passed through.
The company's majority shareholder, and its concert parties abstained from voting on this resolution, the filing stated.
Following the result, the company's voluntary delisting will not go through.
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