Sin Ghee Huat privatisation offer closes with 94.9% valid acceptances
Add BT as a preferred sourceTHE privatisation offer for Sin Ghee Huat Corporation has closed with valid acceptances representing 94.94 per cent of the total number of shares, Sin Ghee Huat said on Monday in a bourse filing.
The voluntary unconditional offer by HHH Co closed at 5.30pm on June 28.
HHH Co said that it will exercise its right of compulsory acquisition to compulsorily acquire all the remaining shares at the offer price of S$0.27 per share.
Subsequently, Sin Ghee Huat will be delisted from the Singapore Exchange.
As Sin Ghee Huat no longer satisfies the free float requirement, trading of its shares will be suspended. HHH Co will not take any action to have the trading suspension lifted.
Sin Ghee Huat shares last traded on Friday, closing up 0.5 Singapore cent or 1.89 per cent to S$0.27.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Canada’s fight with the US has far bigger stakes than trade
Can Bali swop beach capital for global capital without the skyscrapers?
Stripe’s Apac business should grow faster than any other region, says its chief revenue officer
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
