The Business Times
business-time-50

Asiatravel.com up 22% on news of cash offer

Anita Gabriel

Anita Gabriel

Published Fri, Sep 18, 2015 · 07:52 AM

SHARES of Catalist-listed Asiatravel.com Holdings jumped 22 per cent when the counter resumed trading after it announced that Shenzhen-listed ZhongHong Holding, its substantial shareholder, plans to make a cash offer for all its shares at 30 Singapore cents per share.

The counter gained five Singapore cents to 28 Singapore cents over its last traded price on Wednesday prior to a trading halt until 2.45 pm on Friday pending the announcement.

ZhongHong owns 11.4 per cent stake in Asiatravel.com.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Singapore will issue preventive measure notices to firms found to be causing fires contributing to the current haze episode.

NEA identifies 7 firms responsible for haze fires, notices issued urging action: Grace Fu

Analysts have flagged that the Q3 earnings of Singapore’s three banks might miss market forecasts.

DBS remains analysts’ pick ahead of Q3 earnings after Singapore banks’ share slump

The court has struck down a clause giving the trust’s protectors the final say on resolving conflicts, which could have wider ramifications for the trust industry.

High Court rules against Julius Baer’s Singapore trust arm in US$50 million family trust dispute

The divergence between stablecoin legislation in the US and Europe is striking, reflecting broader debates about monetary sovereignty and financial stability.

Could stablecoins be the future of money?

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More