On March 6, the company’s board had received a single non-binding indicative expression of interest from a shareholder with the request for an extension of “a few months to do proper due diligence”.
Magnus Energy Group (SGX:41S
) says it will not be making an exit offer proposal to its shareholders following the delisting notice.
The company received a notification of delisting from the Singapore Exchange Securities Trading (SGX-ST) on Feb 21, and wrote to its top 20 shareholders to invite them to make an exit offer for its shares. The top 20 shareholders were based on the shareholding percentage as at Dec 30, 2022, says Magnus.
