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Teckwah chairman Chua offers to privatise company at 65 cents per share

The Edge Singapore
The Edge Singapore8/12/2020 10:19 PM GMT+08  • 2 min read
Teckwah chairman Chua offers to privatise company at 65 cents per share
The offerors, who control 58.04% of Teckwah, plans to privatise the company and has no intention of revising the offer
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A consortium led by Thomas Chua (picture), executive chairman of Teckwah Industrial Corporation, is offering 65 cents a share to buy out minority shareholders of the logistics and printing company.

The offer is made via Clementine Investments. Besides Chua and his family, the concerted parties include Chua Thian Poh, chairman of property company Ho Bee Holdings.

The offerors are in control some 58.04% of Teckwah. They intend to privatise the company. They do not intend to revise the offer price.

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