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Delong: Withdrawal Of Voluntary Conditional Cash Offer At S$7 Per Offer Share.

11 Oct 2018 17:20

The Offer is withdrawn from 11 October 2018 in accordance with Rule 4 of the Code. The Offeror has been required to revise the Offer Price for each Offer Share to S$7.42 on the basis that it is not compliant with Rule 17.1 of the Code since that is the highest price at which a person acting in concert with the Offeror has bought for cash, during the six months prior to the date of the Offer Announcement, Shares carrying 10% or more of the voting rights...

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Source: ShareInvestor Express