Kao family makes S$0.28 delisting offer for San Teh
This represents a premium of about 81.82 per cent over the last traded price per share as at Tuesday
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THE Kao family that owns Mainboard-listed San Teh Ltd has made a voluntary conditional cash offer for the firm that deals in property development and investment, hotel, PVC pipes and fittings in a bid to delist it.
Through the offeror, Singapore San Teh Real Estate, the Kaos are offering S$0.28 in cash for each San Teh Ltd share, in a deal that values San Teh Ltd at S$95.8 million.
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