Home News Offer

Consortium formed by Penguin International's executive chairman and managing director offers 65 cents per share in conditional privatisation offer

Felicia Tan
Felicia Tan1/21/2021 1:37 PM GMT+08  • 3 min read
Consortium formed by Penguin International's executive chairman and managing director offers 65 cents per share in conditional privatisation offer
Penguin International will be delisted once the offer is completed. It will become a wholly-owned subsidiary of Emet Grace.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Emet Grace has made a voluntary cash conditional offer of 65 cents per share for all the shares in the capital of Penguin International on Jan 21.

Penguin International is a Singaporean-listed company that designs, builds, owns and operates aluminium high-speed craft through its wholly-owned and integrated subsidiaries.

The offer price represents a premium of 30% over the last transacted price of 50 cents per share on Dec 18, 2020, being the last market day on which the shares were transacted prior to the holding announcement date.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.