Junma Tyre Cord to delist from Catalist on June 10

JUNMA Tyre Cord Company will be delisted from the Catalist board from 9am on June 10, 2015.

In March, Ultimative made an exit offer price of 20 Singapore cents - in cash - for all the 15.88 million offer shares.

At the close of the offer in May, the offerors received acceptance of 7.96 million shares, representing a 10.8 per cent stake. Together with the shares owned or controlled by the offeror and its concert parties as at March 10, 2015, the acceptance shares came up to a total of 65.49 million shares, representing an 89.2 per cent stake.