Corporate digest

Delong Holdings

STEELMAKER Delong Holdings on Wednesday suspended the trading of its shares.

This comes after Delong chief executive officer Ding Liguo's revived offer for the mainboard-listed company closed on Tuesday evening, with the offeror and concert parties owning 98.75 per cent of the total number of shares. In July, Mr Ding relaunched his voluntary cash offer to take Delong private at S$7 per share via his vehicle Best Grace Holdings.