Dutech's CEO to offer S$0.40 a share to privatise company
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Singapore
THE chief executive officer of mainboard-listed Dutech Holdings, through TSI Metals HK Limited, has proposed to acquire all 356.54 million issued and paid-up ordinary shares of Dutech for 40 cents per share in cash, with a view to delist the firm from the Singapore Exchange (SGX).
TSI Metals, an investment holding company, has an issued share capital of HK$50,000 (S$8,516) solely held by Dutech's CEO, executive chairman and director, Johnny Liu.
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