The Business Times
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Offer for Raffles United 'not fair and not reasonable': IFA

Published Fri, Jul 26, 2019 · 09:50 PM

Singapore

THE general offer to privatise mainboard-listed Raffles United is "not fair and not reasonable", the independent financial adviser (IFA) for the company's independent directors said on Friday.

Raffles United's free float has already fallen below 10 per cent.

Privatisation

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