LCT Holdings co-founder seeks to take it private in S$21m deal
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Singapore
DU Junhong, a co-founder of mainboard-listed LCT Holdings, has offered to take the property investment company private in a move that values it at some S$21 million.
Through investment vehicle Superior Partners Limited, Dr Du on Wednesday made a voluntary conditional cash offer to acquire all the ordinary shares in LCT at S$0.60 per share. There are more than 35 million issued shares.
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