Second Chance CEO exercises right of compulsory acquisition

Second Chance will become a wholly-owned subsidiary of Final Chance.

Second Chance Holdings’ CEO Mohamed Salleh Marican has exercised his right of compulsory acquisition to acquire the shares of Final Chance’s shareholders who have not accepted the latter’s offer.

The shares will be acquired at the offer price of $0.30 in cash per share.

Following the completion of the exercise, Second Chance will become a wholly-owned subsidiary of Final Chance and will be delisted from the mainboard of the SGX-ST.

The date and time of the delisting of the company will be announced in due course.

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