Does ARA's delisting via a scheme of arrangement make sense?

Singapore

THERE are many reasons for a company to be listed on a stock exchange. One key reason is to be able to tap public funds as and when extra capital is needed for expansion and growth. Beyond the initial public offering phase, listed companies can continue to raise public funds through various methods, such as preference shares, rights issues, retail bonds or perpetual securities.

Private placements to institutional investors are also a viable option to raise additional funds.

In addition, publicly-listed companies tend t…