Koufu to delist from SGX on Mar 29

KOUFU will be delisted from the Singapore Exchange (SGX) mainboard on Tuesday (Mar 29) at 9 am, following the completion of Dominus Capital's compulsory acquisition of shares from dissenting shareholders of Koufu.

Koufu's founders in December 2021 made a S$0.77 per share cash offer to take the company private.

Dominus Capital is an investment company incorporated last October by Koufu's executive chairman and chief executive Pang Lim and his wife Ng Hoon Tien, an executive director of the food court operator.

Trading in shares of Koufu has been suspended since Feb 24, after the duo's privatisation offer closed on the same day with 98.19 per cent valid acceptances.