Memories Group to delist on Jan 18

CATALIST-LISTED Memories Group will delist on Wednesday (Jan 18), according to a bourse filing on Monday.

This announcement follows Memories’ offer to privatise the tourism company last September for either S$0.047 per share in cash or shares in offeror Memories (2022) at the same price per new offer share.

Both parties previously said that new offer shares in Memories (2022) have not been considered to be listed on any securities exchange. Approval was given to the group on Dec 7, 2022 to delist.

Based in Myanmar, Memories (2022) is affiliated with investment firm Yoma Strategic and focuses on experiences, hotels and services.

Memories Group last traded at S$0.044 on Dec 2, 2022.