It's because the Singapore company was looking largely at Chinese buyers, and had aimed to be valued at over US$500 million, said Reuters, citing the sources.
Since delisting from the Singapore bourse in 2016, the majority ownership of Eu Yan Sang has come to rest with a consortium consisting of the Eu family, Temasek, and private equity firm Tower Capital.And as to whether Eu Yan Sang might list itself again, Mr Boey toldin a recent interview that it was a question for shareholders. "On our part, management is more focused on driving and creating better shareholder value," he had said.
However, he added:"Once you create that value, you open up options on how shareholders can realise it - selling to other buyers, for instance." In 2018, the group posted a profit of S$39 million, on the back of revenues just under S$300 million. For that year, Eu Yan Sang also gave shareholders a dividend payout of 2.5 Singapore cents per share, the first time it did so since the company delisted.