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Dynamic Colours receives 22.5 cents per share privatisation offer; Intraco to sell stake for $19.5 million cash

The Edge Singapore
The Edge Singapore6/1/2020 7:57 PM GMT+08  • 2 min read
Dynamic Colours receives 22.5 cents per share privatisation offer; Intraco to sell stake for $19.5 million cash
Their offer price of 22.5 cents per share is a 13.6% premium over the last traded price of 19.8 cents.
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SINGAPORE (June 1): Goh Seok Eng and Yeo Hock Leng, executive chairman and CEO respectively of Dynamic Colours, are offering to privatise the company, which makes plastic bags and coloured plastics.

Their offer price of 22.5 cents per share is a 13.6% premium over the last traded price of 19.8 cents.

The offerors, who have secured 86.88% of the shares, explain that trading volume in Dynamic Colours has been very thin and that there’s compliance cost to deal with.

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