offer

While the proposal is non-binding in nature, analysts Ong Khang Chuen and Kenneth Tan see that a deal is likely.

Shares in Challenger last traded at 60 cents.

The cash price is a premium of 18.1% over the one-month VWAP of SMG's shares traded on the SGX.

The offer values mm2 Asia’s cinema business at between $80 million to $120 million.

Sunrise also clarified Sunningdale's non-executive non-independent director, Loke Wai San's role in the scheme deliberations.

SINGAPORE (Aug 31): PrimePartners Corporate Finance, the independent financial adviser (IFA) to the recommending directors of Wheelock Properties (Singapore), said it was rewording a paragraph in its IFA letter "to address any perception of an inconsi

LONDON (Oct 20): Unilever has received offers for its margarine and spreads unit from bidders including a consortium of Bain Capital and Clayton Dubilier & Rice, according to people familiar with the situation.

SINGAPORE (July 25): Chew’s Group, one of the stocks in The Edge Singapore's paper portfolio, says its controlling shareholder is in discussions with third parties to explore a possible transaction involving the shares of the company.

SINGAPORE (Feb 24): Global Premium Hotels, one of Singapore's largest chain of economy-tier and mid-tier hotels, is to be taken private by its chairman Koh Wee Meng.

SINGAPORE (Oct 24): GMG Global said on Monday that the level of acceptances of the voluntary conditional general offer by Halcyon Agri had reached 90.01% of its total number of issued shares at Oct 21.