Amara Holdings
Leading ladies: The women heading the biggest family-led hotels in Asia
From Shangri-La to Rosewood, scions of prominent families are making their mark in the hospitality world
Amara announces it will delist from SGX mainboard on Jul 21
DRC, which is a consortium led by property developer Hwa Hong, will exercise its right to compulsorily acquire all remaining shares at the offer price of S$0.895 per share
Consortium’s privatisation offer for Amara closes with 97.74% valid acceptances
The offeror, a consortium led by Hwa Hong, will compulsorily acquire all remaining shares and delist the company
Independent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
Apr 28 offer values the hotel group at about S$514.6 million and represents a premium of 27 per cent over Amara’s closing price of S$0.705 on Apr 23
Amara loses free float, trading to be suspended
The total number of shares owned, controlled or to be acquired by the offeror, together with valid acceptances of the offer, amount to 90.88% of the total number of shares
Amara, Ban Leong pick IFAs for privatisation offers
Amara picks W Capital Markets to advise on offer from Hwa Hong-led consortium; Ban Leong appoints Asian Corporate Advisors
Wing Tai’s Amara foray will not help to address its underperformance
Merging with the hotel and property group trumps buying it via a consortium; other key issues need addressing
Amara surges 27% to all-time high on privatisation offer
The S$0.895 offer represents a 33% premium over the company’s net asset value per share as at end-December 2024
Hwa Hong, Wing Tai, Teo family consortium launches bid to take Amara private at S$0.895 a share
It values the hotel group at S$514.6 million
Companies should carry hotels and properties held for own use at fair value
Hotel-owning groups such as CDL, UOL and Amara have deeply understated book values
