Meiban: Co. announced that Zhong Yong Holdings has made an offer for all the issued and paid-up ordinary shares of Meiban by way of a scheme of arrangement at an offer price of $0.40/share.
The Offeror intends to delist the Company from the SGX upon the Scheme becoming effective in accordance with its terms and believes that the privatisation of the Co would provide greater flexibility to the Offeror and key mgt to promote greater efficiency and competitiveness through changes in strategy or investments.
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