The Business Times
business-time-50
SUBSCRIBERS

Lizhong Wheel's major owner launches voluntary cash offer

google-preferred-sourceAdd BT as a preferred source
Anita Gabriel

Anita Gabriel

Published Mon, Aug 17, 2015 · 09:50 PM

Singapore

THE major shareholder of Lizhong Wheel Group has launched a voluntary cash offer for the aluminium alloy wheel maker for 50 Singapore cents apiece. The offer was made by Berkley International, an investment holding firm owned by Tianjin Dong An Brothers, which in turn is owned by Li Zhong Investment - the investment vehicle of the Zang family that owns 64.23 per cent of Lizhong Wheel.

Trading in the shares of Lizhong Wheel will resume on Tuesday after it was suspended on Monday pending the announcement and was last traded at 25.5 Singapore cents

TRENDING NOW

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

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