George Quek leads offer to privatise BreadTalk; group in the red for Q4 and FY19

Singapore

BREADTALK Group's George Quek, his wife Katherine Lee and a substantial shareholder have launched a voluntary conditional cash offer for all the ordinary shares in BreadTalk at S$0.77 apiece, with a view to delist the food and beverage player.

The announcement came as a surprise to some, as Mr Quek had responded "no", when BT asked him in October if there were plans to take the group private.