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
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10