27
Sep
11:08
Singapore's Delong aims to go private
Delong Holdings chief executive and chairman Ding Liguo has launched a bid to take the Singapore-listed company private. The move could leave Ding and his wife, Zhao Jing, in full control of Delong Holdings, which has steel capacity in China, Thailand and Indonesia, Kallanish notes.
Ding has offered SGD 7 ($5.13) per share, through Best Grace Holdings, for all shares he does not control. The offer is a 76.9% premium over the average over the last 12 months, but …
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Anonymous
Very good overview of the weekly steel market.
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