HTL: (S$0.805) Pre-conditions of takeover deal complete
- Finally received its final approval to carry out an all-or-nothing takeover deal by Guangdong Yihua Timber at $1.00/share.
- While further details on the scheme of arrangement is penned out, HTL will remain halted in the mean time.
- Based on an offer price of $1.00/share, the leather sofa manufacturer will be valued at 1.6x P/B, compared to its 10-year historical P/B of 0.85x.
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