DRC Investments will not extend Amara Holdings buyout offer

The company offered to privatise Amara Holdings at $0.895 per share.

DRC Investments has decided not to extend its buyout offer for Amara Holdings beyond the closing date of 10 June at 5:30 p.m.

On 28 April, the company proposed to privatise Amara Holdings at an offer price of $0.895 per share.

Amara Holdings electronically disseminated the offeree circular regarding the proposed buyout on 21 May.

The circular includes the advice of the independent financial adviser (IFA) and the recommendation of the board of directors on the offer. W Capital Markets Private Limited was appointed as the IFA.

Shareholders are advised to consult their stockbroker, bank manager, solicitor, or other professional adviser should they be in doubt as to the action they should take.

Follow the link for more news on

mergers and acquisitions

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