China Yongsheng to go private at $0.032 per share

It will be bought out by its management.

China Yongsheng, a Catalist-listed company which supplies concrete products in China, will delist from the Singapore Exchange.

The group’s owners and other related parties will offer $0.032 per China Yongsheng share, representing an increase of 52% compared to its last traded price of $0.021 per share.

The offeror noted that China Yongsheng will delist because shares have been trading at a substantial discount to the net asset value per share of the group, which stands at $0.0471 as of end-2015.

The company has an issued and paid-up share capital of 1,663,900,000 Shares and does not have any outstanding options, rights, warrants or other instruments convertible into, exercisable for or redeemable with, any shares.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia