News Formal

Lim siblings of SK Jewellery make cash offer to take company private at 15 cents per share

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

SINGAPORE - The founders of SK Jewellery Group have launched a voluntary conditional cash offer of 15 cents per share to delist and privatise the company, they announced in a bourse filing on Wednesday (Sept 2) before the stock market opened.. Read more at straitstimes.com.

SINGAPORE - The founders of SK Jewellery Group have launched a voluntary conditional cash offer of 15 cents per share to delist and privatise the company, they announced in a bourse filing on Wednesday before the stock market opened.

SK Jewellery has grown from a single 700 sq ft store in Bedok Central to a chain of some 60 stores in Singapore and Malaysia. Making up the group are the brands Soo Kee Jewellery, SK Jewellery and Love & Co. The Lim siblings said privatising the company will provide them with greater control and management flexibility to respond to changing market conditions and optimise the use of the company's management and resources.

The Lim siblings and their company, Soo Kee Capital Pte Ltd, hold 82.61 per cent of the company's shares and have undertaken to accept the offer. But the offer is still conditional on receiving valid acceptances of 90 per cent and above.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SK Jewellery co-founders offer S$0.15 per share in cash to privatise companyTHE co-founders of SK Jewellery Group have made a voluntary conditional cash offer of S$0.15 per share for all issued and paid-up ordinary shares in the company in a bid to privatise it. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

SK Jewellery co-founders offer S$0.15 per share in cash to privatise companyTHE co-founders of SK Jewellery Group have made a voluntary conditional cash offer of S$0.15 per share for all issued and paid-up ordinary shares in the company in a bid to privatise it. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Australia to embed intelligence officers within some private companies: Cyber chiefSYDNEY (REUTERS) - Australia will embed intelligence officers in some private companies, the head of the country's chief cyber intelligence agency said on Tuesday (Sept 1), as Canberra seeks to strengthen its defences after a spate of attacks on critical infrastructure.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »