Raffles United will not restore free float if trading is suspended

Singapore

WATCH-LISTED bearings and seals supplier Raffles United said on Tuesday that it does not intend to restore its free float in the event that the Singapore Exchange (SGX) suspends trading in its shares.

So shareholders who do not accept the exit offer of S$0.065 in cash per share must "carefully evaluate the risk" of holding shares in a suspended or delisted company, Raffles United said.