SGX RegCo queries DLF on offeror's intent
Add BT as a preferred sourceSingapore
THE Singapore Exchange Regulation (SGX RegCo) on Thursday asked DLF Holdings to disclose, among other things, the rationale and intent of QRC Pte Ltd's offer and the relationships between the offeror, the group and its directors, key management and associates, if any.
This followed QRC's purchase of a 57.16 per cent stake in the mechanical and electrical engineering services provider earlier this month, from Wong Ming Kwong, the controlling shareholder, former CEO and former executive director, as well as Fan Chee Seng, controlling shareholder, executive chairman and executive director of the company.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Singapore developer in limbo after Timor-Leste scraps major township project
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
