SUBSCRIBERS

Acceptances for Aztech exit offer reach 73.26%

Company will be delisted after offer closes on Feb 13 at 5.30pm regardless of final acceptance level

Kalpana Rashiwala

Published Sun, Jan 29, 2017 · 09:50 PM

Singapore

AS AT noon on Jan 27, acceptances of the exit offer for Aztech Group and shares owned, controlled or agreed to be acquired by the offeror and concert parties, amounted to 73.26 per cent of the company's share capital.

Aztech Group's co-founder Michael Mun Hong Yew, who is also its chief executive and chairman, is carrying out the voluntary delisting of the mainboard-listed company through his special purpose vehicle AVS Investments Pte Ltd under a proposal announced last September.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes