Falcon Energy now majority shareholder of CH Offshore
Singapore
SGX-LISTED Falcon Energy is now a majority shareholder of CH Offshore.
The company announced on Singapore Exchange on Wednesday that its wholly owned subsidiary Energian now owns more than 50 per cent of CH shares.
In its note, Falcon explained that as stated in the unconditional offer announcement dated 11 Feb: i) it has received valid acceptances of the offer for 233.7 million shares, representing approximately 33.15 per cent of the total number of issued CH shares; ii) it has acquired by way of open-market purchases on the SGX-ST an aggregate of 117,800 offer shares, representing approximately 0.02 per cent of the total number of issued CH shares; and iii) it owned, controlled or has agreed to acquire an aggregate of 439 million CH shares, representing approximately 62.27 per cent of the total number of issued CH shares.
TRENDING NOW
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
China’s Pinglu Canal likely to benefit Singapore, other South-east Asia ports in the long term
Suntec Reit to increase Singapore focus, sell three Australia properties
Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing
