This privatisation deal joins a growing list of similar offers involving SGX-listed companies. This year alone, Paragon REIT, Japfa (SGX:UD2
) , SLB Development, and Econ Healthcare (Asia) are all in varying stages of privatisation attempts by their respective controlling shareholders.
Kyle Arnold Shaw, Jr is offering to privatise plant and terminal engineering specialist PEC (SGX:IX2) by way of a scheme arrangement, according to a bourse filing on Feb 17.
Shaw is making the offer via an entity called Alliance Energy Services, in which he is the sole director. Alliance Energy Services is part of a group of engineering entities under the Liberty Group.
