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Eu Yan Sang to be delisted in October

Tuesday, September 27, 2016 - 18:26

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TRADITIONAL Chinese medicine retailer Eu Yan Sang will request a suspension of trading in its shares starting Sept 28 and delist on Oct 7, it said in a Singapore Exchange (SGX) filing on Tuesday.

TRADITIONAL Chinese medicine retailer Eu Yan Sang will request a suspension of trading in its shares starting Sept 28 and delist on Oct 7, it said in a Singapore Exchange (SGX) filing on Tuesday.

The delisting spells an end to the group's 16 years on the SGX main board.

It comes after a consortium led by a UOB-backed fund, a Temasek Holdings unit and Eu Yan Sang International's group chief executive officer Richard Eu made a privatisation bid for the company, offering S$0.60 cash for each share that it does not own.

The final closing date for the offer was Sept 27. Eu Yan Sang shares closed a cent higher at S$0.60 on Tuesday.

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