The offer price represents a premium of 23.9% over the May 10 close of $1.09, before the group called for a trading halt.
SINGAPORE (May 14): Memtech International has received an offer by M-Universe to privatise and delist at $1.35 per share.
M-Universe is the bid vehicle for a consortium formed by Memtech’s executive chairman Chuang Wen Fu and his family; Keytech Investment, an investment holding company that the Chuang Family holds interest in; and Universal Global Technology.
