0232 GMT - Singapore lender OCBC's latest failure to fully acquire its insurance subsidiary Great Eastern shouldn't affect either company's credit profiles, say S&P Global Ratings analysts in a report. GE's minority shareholders last week voted against OCBC's proposal to privatize the insurer. The analysts expect GE's free float will be restored and its counter will resume trading after its minority shareholders opt for either bonus ordinary shares or Class C non-voting shares in GE. "We expect the insurer's robust capitalization to remain intact after the proposed share issuance," they say, adding that the insurer is likely to maintain healthy profitability. OCBC's continued majority ownership indicates its long-term support for GE, they add. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 13, 2025 22:32 ET (02:32 GMT)

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