Great Eastern exploring options for free float requirements compliance

SGX gave the insurer until 25 May.

Great Eastern is exploring options to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules, the insurer said in a bourse filing.

The company has also been assessing the courses of action available for compliance since its suspension and intends to appoint a financial adviser to explore its options.

The insurer applied to SGX for a further extension as information from its annual report on the 2024 financial year – expected to be made available towards the end of March 2025 – will be important for this process.

The company is preparing its financial statements for the fiscal year ended 31 December 2024 which will be published in the report.

SGX had no objection to granting the extension and gave the insurer until 25 May.