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Challenger gets 56 cents delisting offer from founding Loo family and partners

PC Lee
PC Lee3/21/2019 07:42 AM GMT+08  • 2 min read
Challenger gets 56 cents delisting offer from founding Loo family and partners
SINGAPORE (Mar 21): Challenger Technologies has received a 56 cents per share cash offer from the family of founder Loo Leong Thye and its partners to delist the retailer of IT products.
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SINGAPORE (Mar 21): Challenger Technologies has received a 56 cents per share cash offer from the family of founder Loo Leong Thye and its partners to delist the retailer of IT products.

Challenger says delisting will provide greater operational flexibility to manage the business, given the company is facing challenges from weak retail sentiment and industry disruption.

“Changes to the business may need to be implemented and dividends could be affected during such time,” it adds.

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