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Major shareholder to take Xinren private in S$780m offer

Friday, February 26, 2016 - 05:50

Singapore

ALUMINIUM manufacturer Xinren Aluminum Holdings on Thursday said it has received a S$780 million takeover offer from its major shareholder.

The buyer, Merit Stand Inc, will offer to take over the company at S$0.60 per share, which is 25 per cent more than Xinren's last

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