Ernst & Young to advise Poh Tiong Choon's directors on S$275.5m privatisation offer
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
MAINBOARD-LISTED Poh Tiong Choon Logistics has appointed Ernst & Young Corporate Finance as the independent financial adviser on a buy-out offer from the firm's chairman, the company announced before the market opened on Wednesday.
The firm has received in September a buy-out offer pegged at S$1.30 per share from Respond Logistics, a vehicle backed by the firm's chairman, Poh Choon Ann, and Tower Capital logistics, an affiliate of Tower Capital Logistics. The offer values the firm at S$275.5 million.
The offeror plans to delist the company.
Poh Tiong Choon last traded at S$1.295, up 0.5 cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
