Amara receives $0.895 per share buyout offer

The offer represents a 27.0% premium over Amara’s last traded price.

Amara Holdings has received a privatisation offer at $0.895 per share from a consortium including Hwa Hong, Wing Tai, and the Teo family, which controls the company.

DRC Investments intends to delist Amara from the SGX and make it its wholly-owned subsidiary.

The offer price represents a 33.0% premium over Amara’s net asset value as of December 2024, a 27.0% premium over its last trading price, and a 48.9% premium over the volume-weighted average prices across the past year.

In a bourse filing, the offeror said that the offer will provide shareholders with an attractive exit to avoid market volatility amidst an uncertain economic climate driven by trade protectionism, geopolitical tensions, and shifts in consumer behaviour.

The offeror also said that this will give the company greater management flexibility, improved access to capital, and savings on compliance costs by delisting.

“Our offer presents Amara shareholders with an opportunity to realise their investment at an attractive price and premium over the historical traded share prices. At a 27.0% premium over Amara’s last traded price, we believe it is a compelling offer, especially in the face of macroeconomic uncertainties and the low trading liquidity of Amara’s Shares,” Eugene Teo, CEO and co-founder of Hwa Hong’s Shorea Capital said.

The offer is subject to the offeror receiving valid acceptances representing at least 90% of the voting rights by the close of the offer.

Follow the link for more news on

SGX

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

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

4 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

8 hours ago

Nearly half of workers report six or more unpaid hours a week, report says