The offerors are in control some 58.04% of Teckwah. They intend to privatise the company. They do not intend to revise the offer price.
A consortium led by Thomas Chua (picture), executive chairman of Teckwah Industrial Corporation, is offering 65 cents a share to buy out minority shareholders of the logistics and printing company.
The offer is made via Clementine Investments. Besides Chua and his family, the concerted parties include Chua Thian Poh, chairman of property company Ho Bee Holdings.
