Hiap Hoe unit to make offer in move to take SuperBowl private

HIAP HOE - through wholly owned Hiap Hoe Strategic (HHS) - is proceeding with its planned acquisition of SuperBowl Holdings at 75 cents a share, with a view to taking it private.

This follows the approval from Hiap Hoe shareholders at an extraordinary general meeting (EGM) on Monday.

SuperBowl Holdings, incorporated in 1994 as the sports and leisure arm of the Hiap Hoe Group, now manages some 10 integrated sports and recreational facilities such as bowling centres and amusement centres, and holds several investments in commercial properties.