Delisted Goodpack looks to faster growth

GOODPACK Limited was delisted from the official list of the Singapore Exchange (SGX) on Monday.

The delisting follows news that the world's largest fleet of steel IBCs (intermediate bulk containers) had been acquired by IBC Capital Limited, an affiliate of leading global investment firm KKR.

The acquisition was made at a purchase consideration of S$2.50 per share, which was paid on Sept 12 and represented a premium of 23.2 per cent to Goodpack's closing price on March 18, the day prior to its announcement of a possible transaction.