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Do you think Lian Beng's delisting offer to its shareholders is a fair deal?
Lian Beng’s controlling Ong family, through investment holding company OSC Capital, on Monday (Aug 21) exercised its right to compulsorily acquire all shares of the construction and engineering company.
Lian Beng will thus be delisted from the Singapore Exchange (SGX) at a date and time to be announced by the company, UOB said in a bourse filing on behalf of OSC Capital.
OSC Capital had offered to pay S$0.68 in cash for each share held by shareholders who have not accepted the offer as at the offer’s close.
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I once had an exit offer stated as too low by the auditors and end up the stock went to $0 in the long run.
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Wow. Being a "young" investor, this news is interesting to me. Something like drama :D...
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No it is not