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Great Eastern Holdings Ltd (GELA.SI)

GELA.SI on Stock Exchange of Singapore

21.51SGD
28 Mar 2017
Change (% chg)

$-0.08 (-0.37%)
Prev Close
$21.59
Open
$21.47
Day's High
$21.53
Day's Low
$21.47
Volume
31,300
Avg. Vol
14,730
52-wk High
$23.00
52-wk Low
$20.00

Latest Key Developments (Source: Significant Developments)

Great Eastern unit has subscribed additional 2.4 mln shares in LGlobal Funds
Monday, 3 Oct 2016 06:01am EDT 

Great Eastern Holdings Ltd : Deal for an aggregate subscription amount of s$24 million . Aggregate subscription amount will be paid in full in cash on completion . Transaction is not expected to have material effect on net tangible assets or eps of geh group for current financial year .Unit, lion global investors limited has subscribed for an additional 2.4 million shares in LGlobal Funds at s$9.94 per share.  Full Article

Oversea-Chinese Banking Corporation and Great Eastern updates on shareholdings in United Engineers and WBL corp
Monday, 26 Sep 2016 07:49am EDT 

Oversea-chinese Banking Corporation Limited : (Joint Announcement: Ocbc Group's Shareholdings In United Engineers Limited & Wbl Corporation Limited) . Co and Great Eastern currently reviewing strategic options with respect to their combined stakes in united engineers and wbl corp .No decision has been made at this time to pursue any specific transaction or any other strategic option.  Full Article

Oversea Chinese Banking updates on increase in shareholding in Great Eastern
Wednesday, 27 Jul 2016 05:43am EDT 

Oversea-Chinese Banking Corporation Ltd : Increase in shareholding in Great Eastern Holdings Limited . Purchased, on a willing buyer willing seller basis, 100,000 shares at S$21.45 per share in Great Eastern . Says purchase has increased ocbc bank's shareholding in geh from 87.73% to 87.75% .Deal for a total gross consideration of S$2.145 million in cash.  Full Article

Great Eastern Holdings updates on outlook
Tuesday, 26 Jul 2016 07:09pm EDT 

Great Eastern Holdings Ltd : Group remains positive on the long term prospects of the insurance business in southeast Asia .  Full Article

Great Eastern Q2 profit attributable S$102.2 mln vs S$277.7 mln
Tuesday, 26 Jul 2016 07:09pm EDT 

Great Eastern Holdings Ltd : Second quarter and/ or half yearly results) . Qtrly profit attributable to shareholders s$102.2 million versus s$277.7 million a year ago . Qtrly gross premiums s$ 2.28 billion versus s$1.82 billion a year ago . Declare an interim one-tier tax exempt dividend of 10 cents per ordinary share . "We will increase efforts to build our business in Indonesia" .  Full Article

Great Eastern approved appointment of Ronnie Tan Yew Chye as group CFO
Tuesday, 28 Jun 2016 07:04pm EDT 

Great Eastern Holdings Ltd : Says approved the appointment of Ronnie Tan as group chief financial officer .  Full Article

Great Eastern says unit to dispose Great Eastern Life (Vietnam) Co. Ltd
Monday, 6 Jun 2016 07:16pm EDT 

Great Eastern Holdings Ltd : Disposal of 100% of Great Eastern Life (Vietnam) Co. Ltd . Consideration for the divestment of s$48.2 million . The divestment will result in a loss upon disposal . Consideration for the divestment will be satisfied wholly in cash . Divestment is not expected to have a material effect on EPS of the GEH group for the current financial year .  Full Article

Great Eastern Holdings Ltd says Khor Hock Seng appointed group CEO
Tuesday, 1 Sep 2015 05:10am EDT 

Great Eastern Holdings Ltd:Says Khor Hock Seng appointed group Chief Executive Officer.  Full Article

Great Eastern Holdings Ltd to declare an interim dividend
Monday, 27 Jul 2015 06:36pm EDT 

Great Eastern Holdings Ltd:To declare an interim tax exempt (one-tier) dividend of 10 cents per ordinary share in respect of the financial year ending 31 December 2015, to be paid on Sept 2.  Full Article

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Fitch: Small Hong Kong Banks' Insurance Business Sale Rating Neutral

(The following statement was released by the rating agency) HONG KONG, March 24 (Fitch) Fitch Ratings does not believe the disposal of stakes in Hong Kong Life Insurance Limited (not rated) by OCBC Wing Hang Bank Ltd (WHB; A+/Stable/a-), Shanghai Commercial Bank Ltd (SCB; A-/Stable/a-) and Chong Hing Bank Limited (CHB; BBB/Stable/bbb) will have an immediate effect on the banks' ratings, but the one-off gains of up to 100% of the banks' annual profit, if retained, will support organic growth