Offer for GYP Properties closes with 93.1% acceptances

Yong Hui Ting

Published Mon, Oct 10, 2022 · 08:11 AM

RUMAH & Co, the offerer behind GYP Properties’ privatisation deal, announced that it has received valid acceptances of 93.1 per cent, including shares which are owned, controlled or agreed to be acquired by Rumah & Co.

The offer, which was earlier raised from S$0.188 per share to S$0.20, closed officially on Oct 7 at 5.30 pm.

Following the announcement, GYP Properties will no longer be trading on the Singapore Exchange, effective Monday (Oct 10).

KEYWORDS IN THIS ARTICLE

Privatisation

GYP Properties raises voluntary cash offer up to S$0.188 per share
Offer price for GYP Properties sweetened again to final S$0.20 per share

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Companies & Markets

Companies & Markets

Offer for GYP Properties closes with 93.1% acceptances

Yong Hui Ting

KEYWORDS IN THIS ARTICLE

Companies & Markets

Singapore shares open in the red on Tuesday; STI down 0.3%

Huawei’s pivotal role in the US-China tech war, from 5G to chips

CDL Hospitality Trusts reports 6.8% higher Q1 net property income of S$34.9 million

Starhill Global Reit posts 0.9% lower Q3 net property income of S$37.7 million

Binance and CZ’s fortunes are set to grow, jail or no jail

Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global

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