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Poh Tiong Choon CEO launches S$1.30-a-share offer for firm

He says delisting will allow the company to save on expenses and focus its resources on its business operations

Published Wed, Sep 20, 2017 · 09:50 PM
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Singapore

ABOUT S$280 million will be shaved off the market capitalisation of the Singapore bourse if Poh Tiong Choon Logistics is privatised and delisted.

A consortium led by the construction and logistics firm's chairman, Poh Choon Ann, on Wednesday proposed to take over the mainboard-listed company at S$1.30 per share, valuing the firm at S$275.5 million.

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