SGX-listed Amos Group receives 7 cents per share offer from executive chairman

Quick Summary:

The 7 cents per-share privatisation offer represents a premium of 32.1 per cent over Amos’ last traded price of 5.3 cents.

In the offeror’s view, a delisted Amos would also be able to make strategic investments, improve operational efficiency, and enhance financial flexibility – enabling the company to better adapt to market changes and seize new opportunities.

It noted the low trading volume of the company’s shares on the Singapore Exchange, adding that the cash consideration provides shareholders an opportunity to liquidate and realise their investment at a premium to prevailing market prices.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Peakbayou Cent Offer Company Issued Million Shares Cents Cash Trading Amos

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 09:55:21 (3 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22702189

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