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Sunningdale's share price drops after overshooting privatisation offer

The Edge Singapore
The Edge Singapore11/10/2020 09:48 AM GMT+08  • 1 min read
Sunningdale's share price drops after overshooting privatisation offer
Sunningdale last traded at $1.68 - above the $1.55 offer
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Sunningdale Tech shares dropped by as much as 11.3% this morning following news that a privatization offer of $1.55 has been tabled.

The precision engineering firm’s share price closed at $1.68 on Nov 9, and the offer was announced after market closed.

Back in Sept 9, the company had already indicated via a holding statement that there’s a possible share transaction. It was trading at $1.25 then.

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