Silverlake Axis jumps 23.3% on privatisation offer
After calling for a trading halt on Monday, the company announced it had received a voluntary unconditional offer to privatise at S$0.36 in cash per share
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SHARES of Silverlake Axis surged above a one-year high after the enterprise technology company resumed trading on Tuesday (Aug 27) morning, following news of a privatisation offer from a group led by its chairman Goh Peng Ooi.
As at 10.08 am its share price was up 23.3 per cent to S$0.37 – a level not seen since it traded at around the same price in February 2023.
By 10.24 am it eased slightly to S$0.365, up S$0.065 or 21.7 per cent, but remained the top-traded counter in terms of volume with 37.1 million shares transacted.
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