Teckwah's biggest shareholders make cash offer of S$0.65 a share to take company private
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Singapore
A CONSORTIUM formed by the three largest shareholders of Teckwah Industrial Corporation has announced a voluntary conditional cash offer of S$0.65 per share to take the company private, in a bourse filing late Wednesday.
The offeror has already secured irrevocable undertakings amounting to a 58.04 per cent stake, with the offer conditional on receiving valid acceptances of 90 per cent or more.
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