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Tat Hong

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Related News

Tat Hong to delist as buyout offer crosses 90% threshold

23 May 2018 09:00

By Marissa Lee

CRANE supplier Tat Hong will soon be delisted from the Singapore Exchange.

The buyout offer by chief executive Roland Ng and the private equity arm of Standard Chartered (SCPE) crossed the 90 per cent threshold for a compulsory acquisition last Friday.

The closing date of the offer, which is unconditional, has been extended to 5.30pm on June 4.

Since Tat Hong's free float has fallen below 90 per cent, delisting is inevitable and shareholders who do not accept the exit offer of 55 Singapore cents per share will be stuck with illiquid shares.


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Source: Business Times
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