China Yongsheng to delist at S$0.032 a share
Catalist-listed concrete supplier China Yongsheng is being taken private at S$0.032 a share in a buyout by its management and related parties.
This is 52 per cent above the last transacted price of S$0.021 and 35 per cent above the one-year volume weighted average price of the shares of S$0.0238.
The offeror said shares have been trading at a substantial discount to the net asset value per share of the group, which stands at S$0.0471 as of end-2015.
China Yongsheng shares are currently halted from trading.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Starbucks points to weaker consumer as profit falls
Trump social media firm's rising shares pressure short-sellers: S3
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions