Corporate digest

DeClout

CATALIST-LISTED DeClout on Wednesday said it will be delisting from the Singapore Exchange (SGX) with effect from 9am on April 22 after losing its free float via its Exeo Global buyout, slated to complete on April 18.

Tokyo-listed Kyowa Exeo Global said in January that it plans to privatise and delist DeClout, with an offer valuing DeClout at some S$86.6 million. When the offer closed, Exeo Global had shares and valid acceptances representing about 95.04 per cent of total issued shares, and about 94.64 per cent of the maximum potential issued shares in the company.