As at March 31, the company has a net asset value per share of 3.79 cents.
Car rental and financing firm SRS Auto Holdings is offering to take over Allied Technologies for 0.88 cent per share. With a base of 1.77 billion, privately-held SRS’ offer values the SGX-listed parts maker at $15.6 million.
The offer price of 0.88 cent is a 20% discount off Allied Technologies’ last traded price of 1.1 cents. Trading has been suspended since May 8 2019.
