Raffles United gets 6.5 cents mandatory cash offer to take firm private

PC Lee
PC Lee7/2/2019 07:37 AM GMT+08  • 2 min read
Raffles United gets 6.5 cents mandatory cash offer to take firm private
SINGAPORE (July 1): Raffles United Holdings, the property investor and distributor of ball bearings and seals, has received a mandatory unconditional cash offer for the shares it does not own at 6.5 cents each.
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SINGAPORE (July 1): Raffles United Holdings, the property investor and distributor of ball bearings and seals, has received a mandatory unconditional cash offer for the shares it does not own at 6.5 cents each.

The offeror is Raffles Infinity which is solely owned by Teo Xian-Hui Amanda Marie, the daughter of Raffles United's managing director Teo Teng Beng.

Raffles Infinity does not intend to preserve the listing status of the company.

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