The offerer, Final Chance Holdings, has on its board of directors Mohamed Salleh, his son Amal, and his daughters Nadia, Sofia and Radiah.
Second Chance Properties’ founder and CEO Mohamed Salleh Marican, through Final Chance Holdings, has made a cash offer of 30 cents to shareholders of the Mainboard-listed company, intending to delist it from the Singapore Exchange (SGX:S68
) (SGX).
The offer price represents a premium of approximately 39.5% over the last transacted price per share of 21.5 cents on the undisturbed price as of July 9. According to a July 10 bourse filing, the offerer says this provides shareholders with a “clean cash exit opportunity” to realise their investment in the company’s shares.
