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Aztech Gbl

Stock Chart
Last Done 1.230
Change +0.010 (+0.82%)
Volume 32.2
Range 1.220 - 1.230

Related News

Delisted Aztech Group shareholders may share in proceeds from listing of Aztech Global

03 Apr 2021 09:00

By Rae Wee

THE board of Aztech Group will deliberate the use of proceeds from the sale of vendor shares in the recent listing of its subsidiary Aztech Global, and will take into consideration the interests of Aztech Group's minority shareholders.

Michael Mun, executive chairman and chief executive of Aztech Global, said the sale of the vendor shares during Aztech Global's IPO (initial public offering) was "primarily to reward shareholders of Aztech Group, including minority shareholders from the previous listing exercise".

Shareholders of Aztech Group will be updated in due course on what will be done for them, Mr Mun said.

This was in response to queries from The Business Times on why shareholders of the formerly listed Aztech Group - which was taken private in 2017 - were not given the option to exchange their shares for that of the newly-listed company.


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Source: Business Times
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