Challenger Tech

MARK TO MARKET

IFAs should use appropriate valuation basis to assess companies in take-private deals

2024-01-21T21:00:00.000Z
DigiTech’s initial cash offer for Challenger was S$0.56 per share, but this was then bumped up to a final offer of S$0.60 per share. 

Challenger’s majority shareholders exercise right of compulsory acquisition 

2023-09-04T11:34:38.000Z
As more than 90 per cent of its shares have been or will be acquired, Challenger no longer meets SGX’s free-float requirement.

Challenger privatisation offer closes with 97.8% valid acceptances

2023-07-25T14:38:42.000Z
Trading in Challenger Technologies may be suspended as the public float of its shares is now under 10 per cent.

Offeror snags more than 90% of Challenger Technologies shares

2023-06-23T12:33:44.000Z
The latest offer price is a 10.5 per cent premium to the volume-weighted average price in the month before.

Cash offer for Challenger raised to S$0.60 per share

2023-06-06T13:24:45.000Z
Sias has recommended that Golden Energy and Resources' minority shareholders reject the exit offer by its controlling shareholders.

Stocks to watch: Olam, Golden Energy and Resources, Challenger Technologies

2023-05-31T00:56:45.000Z
The offeror intends to delist Challenger Technologies from the Singapore Exchange once the offer is complete.

Challenger majority stakeholders make S$0.56 per share cash offer to privatise company 

2023-05-30T10:59:23.000Z
Challenger Technologies has requested for a halt in trading effective immediately on Monday (May 29).

Challenger Technologies requests trading halt

2023-05-29T10:43:13.000Z
For the second half of 2022, Challenger’s revenue rose 9 per cent to S$160.4 million, with IT products and services revenue contributing to the increase.

Challenger Technologies H2 net profit falls 40% despite higher revenue

2023-02-17T14:34:07.000Z
Challenger noted that the weaker profit was largely due to a fair value loss on investment of $2.4 million compared to a fair value gain of $0.3 million last year. There was also reduced Covid-19 related government supports of $1.4 million and higher operating expenses of $0.6 million

Challenger H1 net profit halves to S$4.8m

2022-08-04T13:51:38.000Z