Great Eastern Reduces Stake in Boost Holdings

Great Eastern Holdings Limited (GEH) has announced a reduction in its stake in Boost Holdings Sdn Bhd (BHSB), following a rise in the latter’s issued and paid-up share capital.

The reduction, executed through GEH’s wholly-owned subsidiary, Great Eastern Digital Private Limited, saw its shareholding in BHSB drop from 21.875% to 19.898%.

As a result of this change, BHSB will no longer be classified as an associated company of GEH, in accordance with the Singapore Exchange Securities Trading Limited’s Listing Manual.

GEH further clarified that the transaction is not expected to materially affect the group’s net tangible assets or earnings per share for the financial year ending December 31, 2024.

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