Closing date for Teckwah's privatisation offer extended to Oct 13

Singapore

THE closing date for Clementine Investments' voluntary conditional cash offer of 65 Singapore cents per share to take Teckwah Industrial Corporation private has been extended to Oct 13, from Sept 30.

In a bourse filing on Tuesday, OCBC - which represents Clementine Investments - said the total number of shares owned, controlled or agreed to be acquired by Clementine Investments and its concert parties, including valid acceptances of the offer, was about 202.7 million shares, or 86.77 per cent of Teckwah's shares, as at 9pm on Sept 29.