The shareholders in TLW Success are Tony Tan Choon Keat, Dr Beng Teck Liang and Dr Wong Seng Weng. Tan is the non-executive chairman of SMG, Dr Beng is the executive director and CEO of SMG, while Dr Wong is the executive director of SMG. As at Sept 13, TLW Success has an issued and paid-up share capital of $3 comprising three ordinary shares held equally by the trio. Tan and Dr Beng are on the board of directors in TLW Success.
Catalist-listed Singapore Medical Group (SMG) has received a privatisation bid that will value the company at $180.0 million based on the 486.38 million shares in the company’s issued and paid-up capital. The offer is made with a view to delist and privatise the company.
On Sept 13, TLW Success (the offeror) has, through Ernst & Young, made a voluntary conditional general offer of 37 cents per share in cash to SMG’s shareholders.
