SGX says Vard exit offer remains conditional while it reviews EGM
It says May 14 deadline not cast in stone; advises shareholders to look out for offeror Fincantieri's announcement of new closing date
Add BT as a preferred source
Angela Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Exchange (SGX) on Wednesday stepped in to clear the confusion that has been swirling around the deadline for Italy's Fincantieri Oil & Gas' exit offer for Vard Holdings.
The regulator said the May 14 closing date for the exit offer is not cast in stone, and that the exit offer remains conditional, pending its review of the April 30 extraordinary general meeting (EGM).
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
