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Penguin privatisation offer extended again to Jul 20

Sharon See

Sharon See

Published Wed, Jul 5, 2023 · 11:59 PM
    • The closing date for Penguin's privatisation offer has been extended by another two weeks to Jul 20.
    • The closing date for Penguin's privatisation offer has been extended by another two weeks to Jul 20. PHOTO: BT FILE

    THE closing date for the offer to acquire and delist Penguin International has been extended again to 5.30 pm on Jul 20, the company said on Wednesday (Jul 5).

    The offer, priced at S$0.83 a share, was originally set to close on Jul 6.

    As at 6 pm on Wednesday, the offeror – a consortium comprising Penguin’s managing director and a special purpose vehicle under private equity firm Dymon Asia – and persons acting in concert have garnered 87.83 per cent of the total number of shares in the company.

    Penguin shares closed flat at S$0.83 on Wednesday.

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