SUBSCRIBERS

JTrust should bring its promises for LCD to pass

Published Wed, Oct 1, 2014 · 09:50 PM

THOSE familiar with mergers and acquisitions here would know that the magic number has been 30 over the past decade - because any stake acquisition below 30 per cent will not trigger a mandatory takeover.

But the recent stake sale of LCD Global Investments by the Lum brothers at a shade below 30 per cent - to a Japanese finance conglomerate that is starting to wield management control at LCD - has again cast a spotlight on this 30 per cent threshold.

Under Singapore's Takeover Code, unless exempted, a shareholder and its concert parties have to make a general offer when their holdings in a company cross …

BT is now on Telegram!

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

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here