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Founding Lim family offers S$1.20 per share to take Hupsteel private

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Claudia Chong

Claudia Chong

Published Fri, Jun 28, 2019 · 09:50 PM

Singapore

THE founding Lim family of Hupsteel Limited has launched a voluntary conditional cash offer of S$1.20 per share to delist the company from the mainboard of the Singapore Exchange.

The offer price, which is final, represents a premium of 51.9 per cent over the last transacted price of S$0.79 on June 27, being the last full market day immediately prior to the offer announcement.

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