Isetan Singapore

Delisting of RE&S also signals interest in F&B by private equity

A major shareholder is looking to privatise the mainboard-listed Japanese retailer

The department store operator has posted a net loss of S$1.2 million for the full year ended Dec 31, 2023

Transfer books and register of members of the company will be close at 5 pm on Sep 5

The latest set of results comes after a major shareholder proposed to take Isetan private

Deciphering if, when, and how controlling shareholders will unlock value is difficult

After rising more than S$4 at Tuesday’s market open, the counter is now trading close to Isetan Mitsukoshi’s S$7.20 per share privatisation offer

The scheme consideration of S$7.20 per share implies a 37.4 per cent premium over the counter’s highest closing market price in the past five years

CHENGDU Isetan Company Limited, a China-based associate of mainboard-listed Isetan, will cease operations of its 2 stores by the end of this year, the company announced in a Monday (Jun 27) bourse fil...