Directors make S$0.225 per share cash offer for Dynamic Colours

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THE husband and wife who run Dynamic Colours have made a voluntary conditional offer for the mainboard-listed resin compounding firm in a bid to delist it. Read more at The Business Times.

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THE husband and wife who run Dynamic Colours have made a voluntary conditional offer for the mainboard-listed resin compounding firm in a bid to delist it.

Executive chairman Goh Seok Eng and her husband, chief executive officer Yeo Hock Leng, are offering S$0.225 in cash for each Dynamic Colours share, in a deal that values the company at S$47.2 million. The offer price is a 13.6 per cent premium to S$0.198, which is the price at which the shares last changed hands on May 21. Trading in shares of Dynamic Colours had been halted on Monday morning pending the announcement.

Mdm Goh and Mr Yeo together own 23.15 per cent of Dynamic Colours. Combined with irrevocable undertakings from other shareholders to accept the offer, Mdm Goh and Mr Yeo are in control of about 86.88 per cent of the company. The offer is conditional upon the offeror receiving not less than 90 per cent of the total number of issued shares as at the close of the offer. The offeror does not intend to maintain the listing status of the company.

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