The offer price represented a premium of around 39.5% over Second Chance Properties’ last-transacted price per share of 21.5 cents on July 9.
Second Chance Properties will be delisted from the Singapore Exchange (SGX:S68
) (SGX) at 9am on Nov 11. This comes after the company’s offeror exercised its right to acquire the shares of shareholders who have not accepted its offer on Nov 4.
On July 10, Second Chance Properties (SGX:528) ’ founder and CEO Mohamed Salleh Marican, through Final Chance Holdings, offered to take the company private at 30 cents per share.
