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
Add BT as a preferred sourceSingapore
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.
TRENDING NOW
Mah Bow Tan-led Therme Singapore breaks ground on wellness facility with thermal baths, spas
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Onitsuka Tiger pivots from Asics stripes to tap luxury market
