Quarz Capital wrote to the board and management of Teckwah Industrial (SGX: 561) with proposals to close the gap between the share price and the value of the business.
On 13 August 2020 the controlling shareholders announced a cash offer of S$0.65 per share with a view to delisting the company.
Summary prepared by Quarz Capital from public reporting by PR Newswire. Refer to the original publication for the full article.
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