PropertyGuru to be acquired for US$1.1 billion and taken private

Quick Summary:

PropertyGuru currently hosts more than 2.8 million real estate listings and serves more than 34 million property seekers every month.

It began trading on the New York Stock Exchange on Mar 18, 2022 following a merger with a special purpose acquisition company.

When the deal goes through, each ordinary share of the company issued and outstanding immediately before the acquisition will be cancelled and converted automatically into the right to receive a cash amount equal to US$6.70 per share, without interest.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesiaMalaysia

Topics: Private Capital Us$1 Trading Asia Propertyguru Share Company Acquired Acquisition Transaction

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 17:40:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22098399

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 25 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 3 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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