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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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Published Thu, Sep 5, 2019 · 09:50 PM

Singapore

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.

san teh

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