Acceptances for Aztech exit offer reach 73.26%
Company will be delisted after offer closes on Feb 13 at 5.30pm regardless of final acceptance level
Singapore
AS AT noon on Jan 27, acceptances of the exit offer for Aztech Group and shares owned, controlled or agreed to be acquired by the offeror and concert parties, amounted to 73.26 per cent of the company's share capital.
Aztech Group's co-founder Michael Mun Hong Yew, who is also its chief executive and chairman, is carrying out the voluntary delisting of the mainboard-listed company through his special purpose vehicle AVS Investments Pte Ltd under a proposal announced last September.
The exit cash offer, at 42 Singapore cents a share, will remain open for acceptance until 5.30pm on F…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cordlife files police report against former employees for ‘potential wrongdoings’
Michelin challenges EU’s hunt for evidence of tyre cartel
First Resources denies allegations of links to firms clearing forests in Indonesia
US: Wall St opens higher on megacaps boost; earnings, Fed comments
Abbott beats quarterly profit estimates on strong medical device sales
Tesla asks investors to approve Musk’s US$56 billion pay again