SUBSCRIBERS

IFA recommends accepting exit offer for Aztech

This is despite its offer-price-to-RNAV ratio lagging the range of precedent voluntary offers and delistings

Published Thu, Dec 22, 2016 · 09:50 PM

Singapore

INDEPENDENT financial adviser (IFA) Stirling Coleman Capital on Thursday advised the independent directors of Aztech - the object of a delisting offer - to recommend that shareholders vote in favour of the delisting resolution.

"We are of the opinion that the financial terms of the exit offer are fair and reasonable, and not prejudicial to the interests of the independent shareholders," Stirling Coleman said.

It added: "We have considered the rationale for t…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes