Delistings

Its shares have delivered a higher total return over the past 15 years than the STI as well as property groups such as CDL, Hongkong Land and UOL

Scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend

[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Centurium Capital, Temasek Holdings and True Light have offered to take it private in a dea...

The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging

This will leave the company with just its primary listing on the Singapore Exchange

Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30

Scheme consideration payments have been made to shareholders

The group behind the offeror includes Tokyo-listed Hanwa Co, which owns a 31.6% stake in the piping-systems provider

The delisting of the company adds to mounting gloom in the property sector, as peers rush to restructure debt and stave off liquidation through creditor backing