In January this year, Jiafa received a privatization offer issued by the founding family Santosa, with a bargaining price of 0.62 yuan. Jiafa also revealed that after privatization, management can have greater flexibility to manage and develop exist...
In January this year, Jiafa received a privatization offer issued by the founding family Santosa, with a bargaining price of 0.62 yuan. Jiafa also revealed that after privatization, management can have greater flexibility to manage and develop existing businesses.
As for Jiafa, he also delisted from Friday at 9 a.m., which came earlier than expected on June 10.
Trust received a privatization proposal from major shareholder Cuscaden Peak (formerly known as Singapore Press Holdings) in February this year, with a bid of RMB 0.98. At that time, Cuscaden Peak and its subsidiaries held 61.5% of the trust.
The above proposal was passed at the special shareholders' meeting on April 22, when more than 80% of the voters agreed to the privatization plan. By May, the High Court also approved the privatization plan.
Trust then suspended trading from 9 a.m. on May 15, and its share price remained at 0.975 yuan.
Previously, Cuscaden Peak pointed out that after the privatization of the trust, a large-scale asset improvement plan (AEI) will be implemented to maintain the competitiveness of the trust's shopping malls, which is expected to take several years.
Paragon REIT and Japfa will be delisted on Friday (June 6). As a result, a total of six companies have officially been delisted this year.
, including Trust and Jiafa, a total of 16 companies listed on the SGX have announced their delisting or are undergoing delisting so far this year.
Among them, Dyna-Mac, Silverlake Axis, JES International, and Green Resources have officially delisted.
Trust announced on Wednesday (4th) through the Singapore Exchange that it will delist from the Singapore Exchange from 9 a.m. on Friday.
Jiafa has suspended trading since May 19, and its current share price remains at 0.615 yuan.
