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Exit offer for Zagro Asia declared unconditional

THE delisting offer for Zagro Asia has been declared unconditional in all respects on Tuesday, RHB Securities Singapore said on Tuesday on behalf of the offeror.

Its chairman and chief executive, Poh Beng Swee, and his wife, major shareholders of Zagro, had through their investment vehicle Rumakita Investments Pte Ltd proposed a voluntary delisting of Zagro Asia at 30 cents per share from the mainboard, citing thin liquidity.

As at Feb 16, the offeror's aggregated total level of valid acceptances to the exit offer and shares it controlled amounted to 93.5 per cent. The exit offer will close at 5.30 pm on Feb 18.