The Business Times
business-time-50

Schindler seeking mandatory offers during takeovers

google-preferred-sourceAdd BT as a preferred source
Published Sun, Jul 5, 2015 · 09:50 PM

Zurich

FAMILY-CONTROLLED Swiss elevator and escalator group Schindler Holding plans to force anyone amassing at least half its share capital to make a mandatory offer to all other holders of shares and non-voting certificates, it said.

The move, which protects the interests of minority investors, will be put to shareholders at an extraordinary meeting on Aug 11, it said last Friday.

TRENDING NOW

SIA said macroeconomic and geopolitical developments, including the Middle East conflict, continue to add uncertainty to the airline industry’s operating environment.

SIA sinks into the red with S$76 million Q1 loss as fuel costs jump

National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

15-month wait-out curb lifted for private property owners buying HDB resale flats

The hiring push comes as Singapore’s banks expand their wealth franchises across Asia.

Singapore banks’ battle for wealth talent goes beyond private bankers

Business Buddy owner Raine Goh uses the time saved from AI to focus on strategy, ideas and better ways to solve clients’ problems.

New career paths, deeper client bonds: How SME founder made AI serve her employees, not replace them

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More