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MS Holdings chairman makes privatisation offer at half of NAV

The Edge Singapore
The Edge Singapore10/3/2022 09:55 AM GMT+08  • 1 min read
MS Holdings chairman makes privatisation offer at half of NAV
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The controlling family of crane leasing company MS Holdings is offering to privatise the company, potentially adding to the growing list of companies that have been delisted, or are in the midst of being privatized, thus far this year.

On Oct 2, a vehicle solely held by executive chairman Ng Chui Hwa, launched the offer at 7 cents per share. Ng and related individuals control around two thirds of the shares.

According to RHB, which is making the offer on behalf of Ng, trading of MS Holdings’ shares has been thin, and therefore the offer is a chance for other shareholders to exit at a premium over the prevailing market price.

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