SGX RegCo queries DLF on offeror's intent
Singapore
THE Singapore Exchange Regulation (SGX RegCo) on Thursday asked DLF Holdings to disclose, among other things, the rationale and intent of QRC Pte Ltd's offer and the relationships between the offeror, the group and its directors, key management and associates, if any.
This followed QRC's purchase of a 57.16 per cent stake in the mechanical and electrical engineering services provider earlier this month, from Wong Ming Kwong, the controlling shareholder, former CEO and former executive director, as well as Fan Chee Seng, controlling shareholder, executive chairman and executive director of the company.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention