SINGAPORE - SBI Offshore has proposed to undertake its cash exit offer by way of liquidating the company, before delisting from the Singapore Exchange .
SBI Offshore will convene an extraordinary general meeting to seek shareholder approval for these proposals, among other things. The expected final distribution to shareholders, along with the dissolution of the company, will then take place around mid-August 2021 to late November 2021, based on the indicative timeline.
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