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Pteris Global, HTL to be suspended post-takeovers

Friday, September 2, 2016 - 08:22

AIRPORT facility equipment provider Pteris Global and leather sofa maker HTL International will be suspended from trading after their respective takeover offers concluded.

Pteris' offer concluded on Sept 1 with the offeror owning or receiving acceptances for 98.98 per cent of the firm. There will be no compulsory acquisition of the shares of hold-out minorities as the threshold to do so was not met.

HTL will be suspended after a scheme of arrangement for the offeror to acquire the company was passed.

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