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Wing Tai Malaysia takeover positive for Wing Tai Holdings

PC Lee
PC Lee5/24/2017 4:37 PM GMT+08  • 2 min read
Wing Tai Malaysia takeover positive for Wing Tai Holdings
SINGAPORE (May 24): OCBC is maintaining its ‘buy’ on Wing Tai Holdings (Wing Tai) after the latter made an unconditional voluntary takeover offer for Wing Tai Malaysia Berhad (WTM).
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SINGAPORE (May 24): OCBC is maintaining its ‘buy’ on Wing Tai Holdings (Wing Tai) after the latter made an unconditional voluntary takeover offer for Wing Tai Malaysia Berhad (WTM).

Wing Tai, together with its subsidiaries, yesterday announced an unconditional voluntary takeover offer to acquire all issued ordinary shares of WTM not already owned by the joint offerors for a cash offer price of RM1.80 per share (58 cents per share).

The offer price represents a premium to the following last traded price of RM1.18 per WTM share on Monday, the last full trading day prior to the offer.

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