Page 2 - Yao Hsiao Tung News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Singapore stocks open lower on Friday; STI down 0 1%
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Stocks to watch: CapitaLand, Hi-P, GHY Culture & Media, SLB, Cromwell E-Reit
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
SINGAPORE (THE BUSINESS TIMES) - A vehicle wholly owned by Hi-P International s chief executive officer (CEO) and controlling shareholder Yao Hsiao Tung has made a voluntary unconditional general offer for all the shares of mainboard-listed Hi-P International, other than shares already held by the offeror.
According to an exchange filing on Friday morning (Dec 18), the offer price is $2 per share, and the offer is being made with a view to delist the company from the Singapore Exchange (SGX).
The offer price represents a premium of around 13.6 per cent over the last transacted price of $1.76 on Dec 14, the last full market day shares were traded, and a 160.1 per cent premium to net asset value per share as at June 30, 2020.
Hi-P International CEO makes voluntary unconditional general offer at S$2 per share
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.