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Wing Tai Holdings launches RM1.80/share takeover offer for Wing Tai Malaysia

Update

Wing Tai Holdings launches RM1.80/share takeover offer for Wing Tai Malaysia

PC Lee Published on Tue, May 23, 2017 / 4:30 PM GMT+8

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SINGAPORE (May 23): Wing Tai Holdings has launched a $94 million takeover offer for Wing Tai Malaysia.

As of Sept 16, Cheng Wai Keung, the majority shareholder of Wing Tai Holdings in Singapore, has a deemed interest of 66.2% in Wing Tai Malaysia.

The Cheng family and its related entity Wing Sun will offer RM1.80 per share (58 cents per share) for the remaining 33.9% stake in Wing Tai Malaysia that it does not own.