Rotary Engineering's controlling family and parties own 95.32% of company at offer close

SINGAPORE (Jan 31): Rotary Engineering's controlling Chia family, teaming up with the investment arm of the Omani government, has succeeded in its bid to privatise and delist the company from the Singapore Exchange.

In Oct, Orochem, the takeover vehicle belonging to the Chia family and Oman Investment Fund, offered 46 cents per share for all the Rotary shares it does not own.

See: Rotary Engineering gets 46 cents/share offer from controlling shareholder to delist company

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