delisting

Commentary

New developments in the Challenger delisting saga

SINGAPORE (June 17): A reader of The Edge Singapore who owns shares in Challenger Technologies asked me last week if I was going to write anything more about the company’s proposal to delist from the Singapore Exchange. I didn’t think I was. But after

Buyout

Challenger founder pushes ahead with delisting plans; says exit offer price of 56 cents per share is 'final'

SINGAPORE (June 12): Digileap Capital, the partnership led by the family of Challenger Technologies founder Loo Leong Thye, is pushing ahead with plans to voluntarily delist the IT products retailer.

Offer

800 Super's independent adviser says shareholders should accept Lee family's offer

SINGAPORE (June 10): 800 Super Holdings says independent financial adviser (IFA) Novus Corporate Finance considers the privatisation offer from its controlling Lee family to be “fair and reasonable”.

Buyout

800 Super gets 90 cents per share privatisation offer from KKR

SINGAPORE (May 6): Environmental services provider 800 Super Holdings has received a 90 cents per share cash offer from 8S Capital Holdings with the intention to delist.

Commentary

Challenger's minority shareholders should push for higher exit offer as company pursues new future

SINGAPORE (Apr 29): Over the past couple of weeks, shares in Challenger Technologies have intermittently traded above 56 cents, the amount of cash minority investors will receive for each share they own as part of the company’s plan to delist from the S

Buyout

Challenger Tech's 2.94% shareholder says offer price too low, calls for higher dividend payouts

SINGAPORE (Mar 22): Pangolin Investment Management, which holds a 2.94% stake in Challenger Technologies through its Pangolin Asia Fund, is calling on other shareholders to reject Digileap Capital’s delisting offer at the company’s upcoming EGM.  

Buyout

Courts Asia to be delisted after losing free float

SINGAPORE (Mar 14): Courts Asia, the regional retailer of furniture and household and IT appliances, is set to be delisted after losing its free float.

SE Asia Stocks

Singapore's stock market is shrinking, but does it matter?

(Feb 12): Robson Lee had a decision to make. In his more than two-decade career as a capital-markets lawyer in Singapore, he’d helped more than 30 companies list on the country’s stock exchange, bringing to market everything from a grocery store chai

Update

SGX RegCo proposes new delisting rules to protect minority interests

SINGAPORE (Nov 9): The Singapore Exchange Regulation (SGX RegCo) is proposing several changes to its delisting rules for Singapore companies, and expects to implement the new delisting rules next year.

Buyout

Parent company garners 90.1% stake in Wheelock Properties at close of offer; starts delisting process

SINGAPORE (Oct 2): Wheelock and Company will proceed to delist Wheelock Properties (Singapore) from the Singapore Exchange following the successful conclusion of its $2.10 privatisation offer for the latter.
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