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Great Eastern Holding
13-01-2016, 07:33 PM,
Post: #101
RE: Great Eastern Holding
Great Eastern Holdings Limited will be announcing its full year results on Tuesday, 16 February 2016 before the trading market opens.
Specuvestor: Asset - Business - Structure.

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07-06-2016, 11:01 AM,
Post: #102
RE: Great Eastern Holding
Great Eastern Announces Sale of Its Vietnam Business

Great Eastern Holdings today announced the sale of its Vietnam business to FWD Life Insurance Company (Bermuda) ) Limited for S$48.2 million. All relevant regulatory approvals or, as the case may be, in principle approval, for the divestment have been obtained. The divestment will be completed on or about 21 June 2016.

FWD Life Insurance Company (Bermuda) Limited is part of FWD Group, the insurance business arm of Asia-based investment group, Pacific Century Group.
...

http://infopub.sgx.com/FileOpen/PressRel...eID=408058
Specuvestor: Asset - Business - Structure.

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12-09-2017, 04:14 AM,
Post: #103
RE: Great Eastern Holding
Some 300 GE agents were offered $100m to join rival AIA firm

by Lorna Tan
September 11, 2017, 10:22 AM SGT

SINGAPORE - New kid on the block AIA Financial Advisers (AIA FA) is on a hiring spree for agents, with Great Eastern (GE) the latest casualty in the ongoing poaching battle among insurers. Sources said the buyout offer from AIA FA for GE's 300 plus agents - who operate under the so-called Advisors Alliance Group (AA) - amounted to S$100 million.

It is believed that AA's founder and GE's senior executive director, Mr Tan Koon Chuan, is himself leaving GE for AIA FA. An insurance veteran, he joined GE 40 years ago in July 1977.

Last month, Mr Tan shared details of the buyout offer from AIA FA with his 400 agents. It comes with upfront cash bonuses and a five-year "bond" period where the monetary incentives could be clawed back if their sales quotas were not met. It is believed that more than 300 GE agents have decided to cross over to AIA FA while some declined.

More details in http://www.straitstimes.com/business/ban...ay-sources
Specuvestor: Asset - Business - Structure.

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