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Offer to delist Top Global as QC penalties loom

Company's chairwoman Oei Siu Hoa makes privatisation bid through SW International at S$0.33 a share, 50% above last traded price of S$0.22

Published Tue, Mar 28, 2017 · 09:50 PM
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Singapore

TOP Global's difficulty in selling Singapore residential units within a regulatory timeframe has led executive chairwoman Oei Siu Hoa to launch a privatisation offer to avoid paying penalties.

Ms Oei, who also goes by Sukmawati Widjaja, is offering to buy up the rest of the property and education group she does not own for 33 Singapore cents per share.

KEYWORDS IN THIS ARTICLE

Privatisation
Singapore property

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