Cash-flush buyers taking billions off Singapore bourse via privatisations
Low valuations, poor trading liquidity, strong corporate balance sheets and cheap funding also driving rising buyout trend
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PRIVATISATION has picked up pace this year, and is likely to continue, as acquirers - strategic investors, private equity firms and entrepreneurs - continue to target listed corporates.
There have been about a dozen ongoing and completed takeout offers this year, mostly concentrated in the unloved small- to mid-cap space that is struggling with industry disruption, diminishing free float, and poor trading interest.
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