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Teckwah directors recommend shareholders accept privatisation offer

Felicia Tan
Felicia Tan9/16/2020 07:18 PM GMT+08  • 2 min read
Teckwah directors recommend shareholders accept privatisation offer
The privatisation offer will close at 5.30pm on September 30.
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The independent directors of Teckwah Industrial Corporation has recommended that its shareholders accept its privatisation offer of 65 cents, unless they are able to obtain a better price on the open market.

The statement, released on September 16, comes after IFA – RHT Capital has considered the offer to be “fair and reasonable” after its assessment.

The offer price exceeds the highest ever closing price since listing and represents a premium of 42.5% over 12-month volume-weighted average price (VWAP).

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