Great Eastern to Resume Trading as Delisting Bid Fails

Great Eastern Holdings Ltd.’s shares are expected to resume trading in Singapore, after the insurer failed to win enough shareholder support for its delisting plan that was backed by Oversea-Chinese Banking Corp.

About 63.5% of the insurer’s minority shareholders voted for a delisting but that fell short of the threshold needed to take Great Eastern private, according to a company filing on Tuesday after an extraordinary general meeting. As a result, OCBC’s S$900 million ($704 million) offer has lapsed, the country’s second-largest lender, said in a separate filing.