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Memtech offered $1.35/share to delist by executive chairman-led consortium

Samantha Chiew
Samantha Chiew5/14/2019 07:12 PM GMT+08  • 2 min read
Memtech offered $1.35/share to delist by executive chairman-led consortium
SINGAPORE (May 14): Memtech International has received an offer by M-Universe to privatise and delist at $1.35 per share.
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SINGAPORE (May 14): Memtech International has received an offer by M-Universe to privatise and delist at $1.35 per share.

M-Universe is the bid vehicle for a consortium formed by Memtech’s executive chairman Chuang Wen Fu and his family; Keytech Investment, an investment holding company that the Chuang Family holds interest in; and Universal Global Technology.

The offer price represents a premium of 23.9% over the May 10 close of $1.09, before the group called for a trading halt.

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