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Cheap buyout plans in Singapore? Not so quick, say minority shareholders

Singapore

SINGAPORE managements are increasingly being forced to pay up for taking their companies private as minority investors demand bigger premiums to the depressed market valuations of targets, underscoring a growing trend of shareholder activism in Asia.

With Singapore's nearly 300 small and micro-cap companies currently trading on average at half the valuations of Asia-Pacific, founders of several firms have lined up plans to take the companies private, analysts say.

Minority investors traditionally...

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