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15-09-2022, 08:03 AM
TUE, SEP 13, 2022 - 8:02 PM UPDATED TUE, SEP 13, 2022 - 8:02 PM
SHARANYA PILLAI
AN investment vehicle owned by the top executives at the Singapore Medical Group (SMG) has launched an offer to take the company private at S$0.37 per share in cash or 1 new share in the offeror.
Called TLW Success, the vehicle is equally-owned by SMG’s non-executive chairman Tony Tan Choon Keat, CEO Beng Teck Liang and executive director Wong Seng Weng, the company announced in a Tuesday (Sept 13) filing.
The S$0.37 cash price represents a premium of 18 per cent over SMG’s volume-weighted average price in the past 12 months. It is also 8.1 per cent above the company’s net asset value per share as at end-2021.
https://www.businesstimes.com.sg/compani...-per-share
SHARANYA PILLAI
AN investment vehicle owned by the top executives at the Singapore Medical Group (SMG) has launched an offer to take the company private at S$0.37 per share in cash or 1 new share in the offeror.
Called TLW Success, the vehicle is equally-owned by SMG’s non-executive chairman Tony Tan Choon Keat, CEO Beng Teck Liang and executive director Wong Seng Weng, the company announced in a Tuesday (Sept 13) filing.
The S$0.37 cash price represents a premium of 18 per cent over SMG’s volume-weighted average price in the past 12 months. It is also 8.1 per cent above the company’s net asset value per share as at end-2021.
https://www.businesstimes.com.sg/compani...-per-share
