Teckwah Industrial's founding families announced a voluntary conditional cash offer of S$0.65 per share with a view to delisting the company.
The offer announcement referred to Quarz Capital's open letter to the board dated 28 July 2020. The offer later reached more than 90% acceptances and the company was delisted.
Summary prepared by Quarz Capital from public reporting by SGX announcement (MarketScreener). Refer to the original publication for the full article.
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