18-05-2022, 08:22 AM
Ven Sreenivasan
Associate Editor
UPDATED MAY 17, 2022, 3:53 PM SGT
SINGAPORE - A battle royale is brewing at Ong family-controlled property player Hwa Hong Corporation, with Mr Ong Choo Eng and his son Ong Eng Yaw getting together with other investors and private equity funds to launch a takeover bid for the company.
The battle pits the senior Ong, 78, and his son against the families of his five brothers who co-founded the company.
The offer, at 37 cents per share, exceeds the closing price of the share over the past nine years and is nearly 30 per cent above the net asset value of the stock.
Many more details at: https://www.straitstimes.com/business/co...ny-private
Associate Editor
UPDATED MAY 17, 2022, 3:53 PM SGT
SINGAPORE - A battle royale is brewing at Ong family-controlled property player Hwa Hong Corporation, with Mr Ong Choo Eng and his son Ong Eng Yaw getting together with other investors and private equity funds to launch a takeover bid for the company.
The battle pits the senior Ong, 78, and his son against the families of his five brothers who co-founded the company.
The offer, at 37 cents per share, exceeds the closing price of the share over the past nine years and is nearly 30 per cent above the net asset value of the stock.
Many more details at: https://www.straitstimes.com/business/co...ny-private