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COMMENTARY

Darco Water: Chairman's dissenting opinion raises questions

Offer not fair and not reasonable, says IFA, and advises independent directors to recommend that shareholders reject it

ON June 23, the mandatory general offer (MGO) for Darco Water Technologies will close. The offeror is Wang Zhi, who is the non-executive deputy chairman of Darco. The MGO was triggered when Mr Wang bought a 14.27 per cent stake at S$0.17 per share in May this year, bringing his total stake from...

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