Shareholders firmly reject GE delisting bid

Failed resolution: A man walks past the SGX sign in Singapore. Class C non-voting shares in GE still carry full economic rights, including dividends – but no voting power. — Reuters

SINGAPORE: Great Eastern (GE) may resume trading after a proposed delisting resolution failed to pass at its EGM on July 8.

At the meeting held at Great Eastern Centre, around 63.5% of minority shareholders present and voting at the EGM voted in favour of the delisting resolution, falling short of the minimum 75% required for the delisting to take place.