Not all privatisation offers were successful, with Frasers Hospitality Trust a notable example.
Dr Beng Teck Liang, who is leading a takeover offer of Singapore Medical Group, has raised the offer price to 40 cents from the original 37 cents.
The offer, by Beng, SMG’s CEO and other individuals, was first announced on September 13, adding SMG to the list of SGX-listed companies that are being privatised, or have done so.
