San Teh to delist from SGX on Dec 19
Add BT as a preferred source
Vivienne Tay
PROPERTY firm San Teh said on Tuesday in a regulatory update that it will be delisted from the Singapore Exchange on Dec 19, 9am.
The move follows an offer by the Kao family and its concert parties for all shares of the firm at S$0.28 apiece in cash which closed on Nov 21, after the offeror acquired 95.38 per cent of the company's shares.
The compulsory acquisition is expected to be completed on Dec 18.
San Teh had applied on Nov 1 to delist from the Singapore bourse. It then requested for its shares to be suspended on Nov 22.
Copyright SPH Media. All rights reserved.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Father-and-son duo Raj Kumar and Kishin in exclusive due diligence to buy Scotts Square
Anytime Fitness Asia’s owner said to weigh US$400 million sale
