Known for years as a listed company with a portfolio of retail properties that gives it a steady rental income stream, Second Chance has in recent years shifted its focus to investing in securities and collecting dividend instead.
The offer by Chip Eng Seng’s controlling shareholders to take the construction and property firm private has received acceptances that gives the offerors control over 77.29% of the stake as of Jan 16.
Second Chance Properties is a shareholder whom has accepted the 75 cents per share offer.
