The Business Times
business-time-50

Kingboard's 3rd bid for Elec & Eltek is almost double last traded price

Published Fri, Apr 3, 2020 · 09:50 PM

Singapore

HONG Kong-listed Kingboard is offering HK$18.07 per share, or US$2.33 at the current exchange rate, to take printed circuit board manufacturer Elec & Eltek International Holdings (E&E) private.

The offer price represents a 99.2 per cent premium to E&E's last transacted price of US$1.17 on March 24 on the Singapore bourse, and a 51.6 per cent premium to E&E's volume weighted average price over the last six months.

Manufacturing

TRENDING NOW

Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

Just under two-thirds of affected homes are expected to be in London, according to estimates by estate agent Hamptons, and the government has said that it will use a home’s size and nearby sale prices nearby to judge the value of a property. 

Britain’s mansion tax shows the difficulty of targeting wealth

NUHS’ Ng Kian Swan says the projects that actually worked came from clinicians, nurses and infection-control teams sitting down with his team, not one department going it alone.

Three hats, one goal: How Ng Kian Swan runs sustainability at NUHS

Passenger cars have always been split into mass-market and premium COE categories, but commercial vehicles and motorcycles have not seen similar moves.

COE review: The gap between luxury and mass-market cars isn’t the only one worth bridging 

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More