Trading has resumed for Great Eastern (GEH) (SGX: G07) after the failed delisting attempt via a voluntary offer by OCBC (SGX:O39). Here we run through the timeline of the OCBC’s attempted delisting of Great Eastern, including the subsequent issuance of bonus shares to resume trading, what these bonus shares represent and what it means for investors. We also look at whether it makes sense to continue holding the stock and if any potential catalysts such as another delisting attempt could be on the table. Timeline of the voluntary offer (2024 → 2025) May–Jul 24: OCBC launched a voluntary offer at S$25.60. Acceptances pushed OCBC’s stake above 90%, close to 94%. As a result, SGX suspended trading in Jul for GEH as free float fell below 10%. Jun 25: In response to the suspension, GEH and OCBC proposed a new plan to resolve the situation, which included an exit offer for GEH shareholders and a plan to restore the free float by issuing a bonus share issue....