Great Eastern Holdings Limited (SG:G07) has released an update.
Great Eastern Holdings Limited (GEH) has responded to a minority shareholder’s call for three resolutions to be tabled at the upcoming AGM, aimed at improving the company’s share performance relative to its Embedded Value. The requested resolutions include withholding part of directors’ fees, replacing OCBC shares in executive schemes with GEH shares, and appointing an independent financial advisor to enhance shareholder value. However, GEH states the shareholder’s request does not meet the criteria necessary to compel such actions and advises caution among investors trading in its shares.
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