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Wing Tai’s Amara foray will not help to address its underperformance

Merging with the hotel and property group trumps buying it via a consortium; other key issues need addressing

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Leslie Yee

Leslie Yee

Published Mon, May 5, 2025 · 12:09 PM
    • Mergers might help mid-sized local-listed property groups such as Wing Tai achieve better trading liquidity.
    • Mergers might help mid-sized local-listed property groups such as Wing Tai achieve better trading liquidity. PHOTO: YEN MENG JIIN, BT

    [SINGAPORE] Minority shareholders of hotel and property group Amara Holdings who did not accept an earlier offer by Amethyst Assets, which closed in early 2024, have reason to cheer.

    Last week, Amara’s minority investors received a far superior voluntary conditional general offer at S$0.895 per share from DRC Investments, compared with the S$0.60 per share offer proposed in 2024. 

    However, should minority shareholders of local-listed Wing Tai Holdings be cheering its participation as part of the consortium trying to privatise Amara? I think not.

    Wing TaiAmara Holdingshwa hongPrivatisationProperty developersThe Level Ground

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