Stocks to watch: Amara

THE following company saw new developments that may affect trading of its securities on Wednesday (Jan 3):

Amara : The closing date for the voluntary unconditional cash offer to take the company private at S$0.60 per share has been extended from 5.30 pm on Jan 2, to the same time on Jan 16. As at 6 pm on Jan 2, the offerer had received valid acceptances amounting to about 71.7 per cent of the total number of shares in Amara. The counter closed flat at S$0.60 on Tuesday, prior to the announcement.