Changtian Plastic receives S$17.2m takeover offer from its founders

Singapore

MAINBOARD-listed Changtian Plastic & Chemical has received a takeover offer worth S$17.2 million from its two founders and major shareholders at S$1.30 per share cash.

The announcement was made by RHT Capital to the Singapore Exchange on behalf of the offeror, United Tech Industries - a privately held vehicle incorporated in the British Virgin Islands and owned by Yang Qingjin and Chen Yongfu, Changtian…