Sunningdale chairman Koh Boon Hwee has successfully obtained shareholders’ approval to proceed with the privatisation of the company via offeror Sunrise Technology. 

Sunrise is owned by Koh and Novo Tellus chairman Loke Wai San, who is also a non-independent director on Sunningdale’s board. 

The duo teamed up to make an offer to privatise and delist Sunningdale in November 2020, making a final offer of $1.65 per share or 1,650 shares in Sunrise to shareholders. 

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