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Challenger founder pushes ahead with delisting plans; says exit offer price of 56 cents per share is 'final'

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
Challenger founder pushes ahead with delisting plans; says exit offer price of 56 cents per share is 'final'
SINGAPORE (June 12): Digileap Capital, the partnership led by the family of Challenger Technologies founder Loo Leong Thye, is pushing ahead with plans to voluntarily delist the IT products retailer.
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SINGAPORE (June 12): Digileap Capital, the partnership led by the family of Challenger Technologies founder Loo Leong Thye, is pushing ahead with plans to voluntarily delist the IT products retailer.

And it is not budging from its exit offer price of 56 cents per share, which some shareholders have deemed to be too low.

Digileap says Deloitte & Touche Corporate Finance, the independent financial adviser for Challenger, has opined that the financial terms of the exit offer are “fair and reasonable”.

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