QRC Pte Ltd, a consultancy solely owned by Enomoto Hiroyuki, has launched a mandatory takeover offer for Catalist-listed DLF Holdings, offering S$0.081 for each share it does not already own, the engineering firm announced in a Friday bourse filing after market close.QRC's offer price represents a steep 54.5 per cent discount from DLF's volume-weighted average price of S$0.178 for the month up to Sept 5, and a narrower 29.6 per cent discount to the one-year VWAP and 4.
The offer was triggered on Friday, after QRC entered an agreement to acquire a 57.16 per cent stake in the company for S$5.6 million, or S$0.0809 per share. Under the agreement, QRC bought 45 million shares from DLF's former chief executive Wong Ming Kwong and 24.2 million shares from founder Fan Chee Seng.QRC was locally incorporated in 2018. The entity's directors include its owner and individuals Mishima Yusaku and Zhang Congxi.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Deutsche Bank has discussed adding assets to bad bank if sales go well - sourcesSome senior Deutsche Bank AG officials have discussed the possibility of putting additional problematic assets worth billions of euros into a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Huawei seeks to upstage Apple with Mate 30 smartphone launchHuawei launched its Mate 30 range of smartphones on Thursday, saying its cameras were superior, its wraparound screen brighter and its dimensions ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Republican, Democratic lawmakers launch caucus to 'End the Youth Vaping Epidemic'WASHINGTON: A bipartisan group of US lawmakers said on Thursday (Sep 19) they are forming a caucus to combat the 'epidemic' of youth vaping, as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Apple's iPhone 11, Pro and Pro Max launch in Singapore to snaking queuesWhat are the new features and specs in the highly anticipated releases? CNA Lifestyle got a hands-on look. I’ll wait for the iPhone 20... it will have 16 cameras !! Price To expensive here in Malaysia 🙈 I’m waiting for Huawei Mate 30
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
99.co shows support for inclusivity with diversity-friendly tag for property listingsSINGAPORE property search portal 99.co has launched a new tag on its platform, in an initiative to fight housing discrimination against the LGBTQ (lesbian, gay, bisexual, transgender and queer) community. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Undeterred, Facebook to press on with Libra launch next year: executiveFacebook still aims to launch its Libra digital currency next year, its executive overseeing the project told Swiss newspaper NZZ, as the company ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »