MARK TO MARKET
Time to close compulsory acquisition loophole that helps lowball privatisation offers succeed
Privatisation offers are often structured to enable controlling shareholders to reach the compulsory acquisition threshold more easily
DUTECH Holdings is one of those companies investors barely notice until it is too late.
Two weeks ago, the company's chairman and CEO Johnny Liu, through his privately-held TSI Metals HK, unveiled a voluntary cash offer at S$0.40 per share.
The stock, which had closed at S$0.25 before the announcement, jumped 60 per cent when the trading halt was lifted.
