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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
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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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