This brings the company’s public float to 8.06%, below the 10% mark required for shares to be tradeable on SGX.
SINGAPORE (July 2): Trading of shares in Memtech International will be suspended after its free float fell below 10% at the initial closing date of the offer.
As at 5pm last Friday, the total number of shares owned or agreed to be acquired by the offeror amounted to some 128.8 million shares or 91.94%.
