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SGX says Vard exit offer remains conditional while it reviews EGM
It says May 14 deadline not cast in stone; advises shareholders to look out for offeror Fincantieri's announcement of new closing date
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Angela Tan
Published Wed, May 9, 2018 · 09:50 PM
Singapore
SINGAPORE Exchange (SGX) on Wednesday stepped in to clear the confusion that has been swirling around the deadline for Italy's Fincantieri Oil & Gas' exit offer for Vard Holdings.
The regulator said the May 14 closing date for the exit offer is not cast in stone, and that the exit offer remains conditional, pending its review of the April 30 extraordinary general meeting (EGM).
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