How will partial offer for Procurri play out?
So far, ICH Gemini Asia Growth Fund and Declout, which together hold a quarter of Procurri's shares, have said they will vote against the offer
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
TWO shareholders holding a combined 25 per cent stake in Procurri have indicated that they will vote against private equity firm Novo Tellus' partial offer for the IT lifecycle services and data centre equipment provider.
But the offer can still go through if other investors owning 22 per cent tender their shares for acceptance.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
