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.
TRENDING NOW
MAS allocates S$1.45 billion to five asset managers in third EQDP batch: Chee Hong Tat
‘My grandfather’s legacy’: Sherman Kwek lays out three-year plan for CDL to drive returns
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘How many will survive?’: Bubble fears arise as China’s humanoid robotics face reality check
