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Chew's Group cash offer to close on Nov 20
THE cash offer for Catalist-listed Chew's Group will close on Nov 20, according to an offer document released on Tuesday, and the offeror does not intend to extend the offer beyond that date.
Goldhill Trust announced on Oct 8 that it would pay S$0.2107 in cash for each remaining share in the egg farmer. It had bought a controlling 68.14 per cent stake from members of the Chew family, past the 30 per cent threshold that triggers a mandatory offer.
But the offeror, which is owned by businessmen Alex Tan Pei Hong and Amos Tan Theng Hong, has said that it intends to keep Chew's listed.
Chew's shed half a Singapore cent or 2.33 per cent to S$0.21, before the offer document was released on the Singapore Exchange website.