Chuang family offers S$1.35 a share to delist Memtech
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE Chuang family that controls Memtech International has made a voluntary conditional offer for the Singapore-listed electronics components manufacturer in a bid to delist it.
Led by Memtech executive chairman Chuang Wen Fu, the family is offering S$1.35 in cash for each share in a deal that values the company at S$189 million.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities