The offer price, at 77 cents per share, is a premium of 19.4% over BreadTalk’s last traded price of 64.5 cents earlier on Feb 24, before a trading halt was called. The offer price is more than double the net asset value of 32.5 cents as at Dec 31 2019.
SINGAPORE (Feb 24): BreadTalk Group, one of the more high-profile consumer brand names in Singapore, might soon join the growing list of companies privatised from the Singapore Exchange.
On Feb 24, the company announced that a consortium led by BreadTalk founder and chairman George Quek is offering to buy over the remaining 29.47% of the company they do not already own.
