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Steelmaker Delong heads for privatisation with buyout offer

The offeror intends to delist the company and turn it into a wholly-owned subsidiary

Annabeth Leow

Published Thu, Sep 27, 2018 · 09:50 PM

Singapore

MAINBOARD-LISTED Delong Holdings is headed for a buyout bid, with chief executive and executive chairman Ding Liguo gunning to take the steelmaker private with a voluntary conditional cash offer of S$7 a share.

Bid vehicle Best Grace Holdings has no intention of revising the offer price or any other terms of the offer, it said on Thursday, through PrimePartners Corporate Finance.

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