Shaw Kwei to make offer for Chosen

Singapore

PRIVATE equity firm Shaw Kwei & Partners intends to make a voluntary conditional cash offer to acquire mainboard-listed Chosen Holdings at S$0.24 per share, valuing the plastic components maker at about S$67.6 million.

It intends to delist the firm, it said on Tuesday in a Singapore Exchange filing by Southshore, the special purpose vehicle through which Shaw Kwei intends to make the offer.