Pteris Global, HTL to be suspended post-takeovers
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
AIRPORT facility equipment provider Pteris Global and leather sofa maker HTL International will be suspended from trading after their respective takeover offers concluded.
Pteris' offer concluded on Sept 1 with the offeror owning or receiving acceptances for 98.98 per cent of the firm. There will be no compulsory acquisition of the shares of hold-out minorities as the threshold to do so was not met.
HTL will be suspended after a scheme of arrangement for the offeror to acquire the company was passed.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
