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Sim Lian founder leads offer to take developer private

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Aug 8, 2016 · 09:50 PM

Singapore

A CONSORTIUM led by the founder of Sim Lian Group (SLG) is seeking to take the property developer private.

In a release to the Singapore Exchange (SGX) on Monday night, Coronation 3G said it is making a voluntary conditional cash offer of S$1.08 per share for all the outstanding shares in SLG that it doesn't already own or has agreed to acquire.

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