Great Eastern Plans to Delist Firm With Higher OCBC-Backed Bid

Great Eastern Holdings Ltd., whose shares have been suspended since an unsuccessful attempt by Oversea-Chinese Banking Corp. for full control, is exploring options that include a plan to delist, according to people with knowledge of the matter.

Great Eastern may propose delisting the company via an offer by OCBC, which will be higher than the one made by the lender in May last year, the people said, asking not to be identified discussing non-public matters. The offer, which is expected to be fair and reasonable in accordance with the city-state’s listing guidelines, is conditional upon delisting being approved, they ...