Property developer Roxy-Pacific Holdings has been on the radar of SAC Capital, following an offer it received on Sep 20 to delist.
The pre-conditional voluntary general offer was made by TKL & Family for all the issued ordinary shares in the company. The offeror is also the bid vehicle for a consortium formed by 11 individuals including Teo Hong Lim, chairman and CEO of Roxy-Pacific.
See: Roxy-Pacific's chairman Teo offers 48.5 cents to privatise company
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