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

Many companies own assets with private-market valuations that are plainly visible to public investors

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Ben Paul

Ben Paul

Published Mon, Jan 22, 2024 · 05:00 AM
    • Singapore stocks could become more interesting with some vision from controlling shareholders and more prescriptive guidelines for IFAs to ensure minority investors are properly compensated.
    • Singapore stocks could become more interesting with some vision from controlling shareholders and more prescriptive guidelines for IFAs to ensure minority investors are properly compensated. PHOTO: BT FILE

    THE lowball voluntary unconditional cash offer for Amara Holdings closed last week with the offeror – a special purpose vehicle owned by the controlling Teo family and private-equity firm Dymon Asia – securing nearly 88.4 per cent of its shares.

    This is short of the 90 per cent shareholding threshold that would have resulted in trading being suspended, and the offeror being able to compulsorily acquire the remaining shares.

    It may be a matter of time before Amara is delisted, though.

    BT CorrespondentsPrivatisationM&ASingapore StocksSGXAmara HoldingsChallenger Techpenguin intl

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