Great Eastern reduces stake in Boost Holdings

This was a result of an increase in BHSB's issued and paid-up share capital.

Great Eastern Holdings Limited (GEH) said it reduced its stake in Boost Holdings Sdn Bhd (BHSB). 

The stake, held through GEH's wholly-owned subsidiary Great Eastern Digital Private Limited, decreased from 21.875% to 19.898%.

This change is a result of an increase in BHSB's issued and paid-up share capital.

Consequently, BHSB will no longer be considered an associated company of GEH, according to the Singapore Exchange Securities Trading Limited's Listing Manual.

GEH has stated that this transaction is not expected to have a significant impact on the group's net tangible assets or earnings per share for the financial year ending 31 December 2024.