The Business Times

Offer for GYP Properties closes with 93.1% acceptances

Yong Hui Ting

Yong Hui Ting

Published Mon, Oct 10, 2022 · 08:11 AM
    • GYP Properties will cease trading on the Singapore Exchange.
    • GYP Properties will cease trading on the Singapore Exchange. PHOTO: PIXABAY

    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).

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