Cheng now has a total interest of 88.94% in the company via his direct stake and via a vehicle CCHPL.
Cheng Buck Poh, founder, executive chairman, CEO and controlling shareholder of Hai Leck Holdings (SGX:BLH
) , is offering to take the engineering company private at 55 cents per share via a scheme of arrangement.
The company last changed hands at 41 cents on Dec 3 before a trading halt was called the following day. As at Sept 30, Hai Leck's net asset value per share was 49.7 cents.
