Hwa Hong directors plan strategic review in expectation of offer lapse

The Straits Times LogoThe Straits Times1 mo ago

Hwa Hong directors plan strategic review in expectation of offer lapse

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July 05, 2022 10:09 AM - SINGAPORE (THE BUSINESS TIMES) - Shareholding directors of Hwa Hong Corporation "are increasingly of the view that maximising shareholder value would be best achieved outside the timeline and constraints imposed by the general offer" made by Sanjuro United at 40 cents per share, said the company on Monday (July 4).

Hwa Hong shares were trading unchanged at 40 cents at 10.06am on Tuesday, after its announcement.

Offeror Sanjuro is the bid vehicle of a consortium formed by shareholders of the company that collectively hold around 20 per cent of its shares.

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Article Details

Category: Economy

Topics: Company Shares Cents Shareholder Review Sanjuro Hong Offer Exercise Value Directors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 10:09:29

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 554 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 30158

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About The Straits Times

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