According to the bourse filing released after market close on Sept 12, Memories (2022) is offering the group’s shareholders a cash offer of 4.7 cents per share, or one new share in the capital of the offeror in lieu of cash.
Memories (2022), an associate of Serge Pun @ Theim Wai, has proposed to seek the voluntary delisting of Memories Group from the Catalist board of the SGX-ST.
Under the delisting proposal, SAC Capital, on behalf of Memories (2022), will make an exit offer to its shareholders.
