Nordic Group's offer for Starburst closes with 94.3% valid acceptances
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
NORDIC Group's voluntary offer for Starburst Holdings has closed on Monday (Mar 7), with valid acceptances representing around 94.3 per cent of the total number of issued shares of Starburst Holdings, according to a bourse filing.
As the offeror has received valid acceptance crossing the 90 per cent threshold, the offeror is entitled and intends to exercise its right of compulsory acquisition of the remaining shares at the offer price of S$0.238.
Following the compulsory acquisition, the offeror will proceed to delist Starburst Holdings from the Singapore Exchange.
Shares of Starburst Holdings last traded at S$0.24, before a trading halt was called on Friday morning.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
