Sunningdale Tech privatisation approved at the raised offer price; shares to stop trading in March

Shareholders of Sunningdale Tech approved the privatisation led by Koh Boon Hwee at the revised price of S$1.65 per share, with trading to stop on 8 March 2021.

The report recapped Quarz Capital's letter of 14 January 2021, which called the original S$1.55 offer too low and questioned the redesignation of a director from independent to non-independent.

Summary prepared by Quarz Capital from public reporting by The Edge Singapore. Refer to the original publication for the full article.