Great Eastern jumps nearly 4% to highest price since trading resumption
Its shares were suspended in July 2024 after its free float fell under 10 per cent following a failed takeover bid by its parent OCBC
[SINGAPORE] The shares of Great Eastern rose by close to 4 per cent on Tuesday (Sep 16), less than a month after they resumed trading following a year-long pause.
As at 1.42 pm, the stock had risen to S$15.90, 3.9 per cent or S$0.59 above its closing price of S$15.31 on Monday. Around 306,000 shares changed hands.
This is the highest price the counter has reached since it resumed trading on Aug 21.
By 3.42 pm, Great Eastern shares had eased to S$15.66, still up by S$0.35 or 2.3 per cent, with some 477,400 shares having been transacted.
Great Eastern shares were suspended from trading in July 2024, after its free float fell under 10 per cent following a failed takeover bid by its parent OCBC.
