RE&S, which was listed back in November 2017 at 22 cents, operates a chain of Japanese restaurants under brands such as Ichiban Boshi, Kuriya Japanese Market and Gokoku.
Private equity firm Southern Capital Group is offering to acquire RE&S Holdings (SGX:1G1
) at 36 cents each, valuing the F&B operator at $127.4 million.
RE&S shareholders may also accept an alternative offer of 33 cents cash and 0.083143 new offeror shares.
