Aztech chairman Mun to privatise company at 42 cents per share

SINGAPORE (Sept 19): Aztech Group chairman and CEO Mun Hong Yew is offering 42 cents per share to privatise the multi-industry company, valuing it at more than $20 million.

If Mun is successful, Aztech will join the growing list of companies that have been taken private from the Singapore Exchange, amid subdued trading interest.

Together with other concerted parties, Mun controls just over a quarter of the company. The offer price of 42 cents is at a 29.2% premium over the last transacted price of 32.5 cents on Sept 16.

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