12
Oct
09:17
Singapore's Delong cancels privatisation
Singapore-listed Delong Holdings says the offer by chief executive Ding Liguo to buy out the remaining shares of the company and take it private has been withdrawn. Ding had been required to hike his offer, Kallanish notes.
Ding had offered SGD 7 ($5.13) per share, through Best Grace Holdings, for all shares he does not control. This was only slightly higher than the SGD 6.96 shares had been trading at when the offer was made.
That offer was also below t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous