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Aztech's co-founder Michael Mun seeks to take company private

Proposed delisting to come with an exit offer of 42 Singapore cents per share

Anita Gabriel

Published Tue, Sep 20, 2016 · 09:50 PM

Singapore

AZTECH Group's co-founder Michael Mun Hong Yew has proposed to delist the mainboard-listed company with an exit cash offer of 42 Singapore cents a share.

Mr Mun, who is also Aztech Group's chief executive and chairman, will carry out the voluntary delisting through his special purpose vehicle (SPV) AVS Investments Pte Ltd.

The news galvanised the stock on Tuesday when it resumed trading and closed at the day's high of 41.5 Singapore cents after jumping nine Singapore cents or 28 per cent. Trading volume noticeably perked up with 387,000 shares t…

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