Listed firms not in a rush to privatise despite battered share prices
Players staying on the sidelines to see how pandemic pans out before making decisions
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Tay Peck Gek
Singapore
THE offer to privatise Perennial Real Estate Holdings, which comes on the heels of the delisting of BreadTalk Group and a renewed offer for Elec & Eltek International Co, may give rise to questions about which other locally listed stocks may leave the exchange this year.
Business owners may see a strong case to delist as the share prices of their companies get battered in the present climate, while private equity funds or larger competitors may see an opportunity to acquire a business on the cheap.
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