The board of directors of the offeror comprises Loo and Tan Keng Soon (Keith), identified as the founding and managing partner of Dymon Asia Private Equity (Singapore).
Challenger Technologies' (SGX:573
) chairman Loo Leong Thye has improved the privatisation offer he made on May 30; minority shareholders are now being offered 60 cents to sell their Challenger shares to a vehicle named DigiTech Holding, according to a bourse filing on June 6.
The offer document, issued by United Overseas Bank (UOB) (SGX:U11) on behalf of DigiTech Holding, says the offeror does not intend to revise the final offer consideration.
