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Full Version: Tangs offer to privatise SingHaiyi Group at 11.7 cents per share
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The Edge Singapore  Published on Tue, Nov 09, 2021 / 3:48 PM GMT+8 / Updated 10 hours ago


Gordon and Celine Tang, the couple controlling developer SingHaiyi, is making an offer to privatise the developer, offering 11.7 cents per share for the 21.63% of the company they don't already own.

The offer price is a premium of 8.3% over the last traded price of 10.8 cents as of Nov 8, and values the company at around $498 million.

As at Sept 30, the company’s net asset value per share was 14.96 cents


https://www.theedgesingapore.com/news/co...ents-share
I think the assets are grossly undervalued!
Shareholders should reject!