Star Attraction

Parent company garners 90.1% stake in Wheelock Properties at close of offer; starts delisting process

SINGAPORE (Oct 2): Wheelock and Company will proceed to delist Wheelock Properties (Singapore) from the Singapore Exchange following the successful conclusion of its $2.10 privatisation offer for the latter.

Wheelock's $2.10 offer 'fair and reasonable but not compelling', says IFA

SINGAPORE (Aug 24): The $2.10 offer for Wheelock Properties (Singapore) by its controlling shareholder is “fair and reasonable, but not compelling, and are not prejudicial to the interests of minority shareholders”, says the Independent Financial Adviser (IFA).

See: Controlling shareholder of Wheelock Properties launches $2.10 per share offer

Controlling shareholder of Wheelock Properties launches $2.10 per share offer

SINGAPORE (July 19): Wheelock and Company has launched a voluntary unconditional general offer for all the shares in Wheelock Properties (Singapore) it does not own at $2.10 each.

HK-listed Wheelock and Company is 76.21% owner of Wheelock Properties (Singapore).

The offer was made through offer vehicle Star Attraction.

The offer values the company at over $2.5 billion. The offeror intends to delist the company if the 10% free float requirement is not satisfied.

Shares in Wheelock last traded at $1.74 on July 13 when a halt was called.

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