privatisation offer

Penguin International will be delisted once the offer is completed. It will become a wholly-owned subsidiary of Emet Grace.

The revised and final offer represents an increase of 6.5% over the initial offer of $1.55 was made on Nov 9, 2020.

The date has been extended to Oct 13 from Sept 30.

The privatisation offer will close at 5.30pm on September 30.

The announcement, made before the market opened on Sept 2, caused the company’s share price to double.

SINGAPORE (Nov 6): CITIC Envirotech has received an 55 cents per share offer from 56.4% owner CKM (Cayman) Company (CKM) to delist from the Singapore Exchange.

SINGAPORE (July 30): Shares in Delong Holdings are up 94 cents, or 15.6%, at $6.95 with 2.2 million units traded, after its suspension from trading was lifted following an announcement.

Shares in Health Management International are up as high as 9.1% at 2.48pm to trade at 72 cents from its last close of 66 cents.

SINGAPORE (June 28): M-Universe Investments' cash offer to privatise Memtech International has been extended by some two weeks to July 26 from July 12.

SINGAPORE (May 27): PT Indofood Sukses Makmur Tbk is extending the closing date of the 28 cents per share offer for all the shares it does not own of Indofood Agri Resources by a month to June 25, 5.30pm, from May 24, 5.30pm, says CIMB Bhd.