The Business Times
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Challenger Tech

Opinion & Features
MARK TO MARKET

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

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. 
Companies & Markets

Challenger’s majority shareholders exercise right of compulsory acquisition 

As more than 90 per cent of its shares have been or will be acquired, Challenger no longer meets SGX’s free-float requirement.
Companies & Markets

Challenger privatisation offer closes with 97.8% valid acceptances

Trading in Challenger Technologies may be suspended as the public float of its shares is now under 10 per cent.
Companies & Markets

Offeror snags more than 90% of Challenger Technologies shares

The latest offer price is a 10.5 per cent premium to the volume-weighted average price in the month before.
Companies & Markets

Cash offer for Challenger raised to S$0.60 per share

Sias has recommended that Golden Energy and Resources' minority shareholders reject the exit offer by its controlling shareholders.
Companies & Markets

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

The offeror intends to delist Challenger Technologies from the Singapore Exchange once the offer is complete.
Companies & Markets

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

Challenger Technologies has requested for a halt in trading effective immediately on Monday (May 29).
Companies & Markets

Challenger Technologies requests trading halt

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.
Companies & Markets

Challenger Technologies H2 net profit falls 40% despite higher revenue

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
Companies & Markets

Challenger H1 net profit halves to S$4.8m

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