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Stocks to watch: Amara

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Michelle Zhu

Michelle Zhu

Published Wed, Jan 3, 2024 · 08:05 AM
    • The offeror has received valid acceptances amounting to about 71.7 per cent of the total number of shares in Amara.
    • The offeror has received valid acceptances amounting to about 71.7 per cent of the total number of shares in Amara. PHOTO: AMARA SINGAPORE

    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. 

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