Corporate digest

Delong Holdings

STEELMAKER Delong Holdings will be delisted from the Singapore Exchange with effect from 9am on Sept 26. This comes after chief executive officer Ding Liguo's privatisation offer closed on Sept 10, with the offeror and concert parties owning 98.75 per cent of the total number of shares.

Trading of Delong shares was suspended on Sept 11, with its shares closing unchanged at S$6.98 the previous day.

PS Group

THE independent financial adviser (IFA) of PS Group Holdings has deemed the offer by two of PS Group's directors to take it private as fair and reasonable.

The company's independent directors agreed with the recommendations of the IFA, Hong Leong Finance, and recommended that shareholders accept the offer. The final closing date for the offer is 5.30pm on Oct 22.