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
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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.
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