. The Chuangs, led by Memtech executive chairman Chuang Wen Fu, are offering S$1.35 in cash for each share, in a deal that values the company at S$189 million. The offer price of S$1.35 represents a premium of 23.9 per cent over the company's last transacted price of S$1.09 a share last Friday. The company has requested to lift its trading halt that is called for on May 13., down 59 per cent from the same period a year earlier.
44 on Tuesday before the results were released., up 78.1 per cent from the same period a year earlier as earnings across all its business segments rose. The biggest boost came from the real estate business, where net profit rose to S$12.4 million in the three months ended March 31, up from S$8.8 million in the same period a year earlier. The counter fell three Singapore cents or 1.37 per cent to S$2.16 on Tuesday before the results were released., up 29.
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Source: BusinessTimes - 🏆 15. / 51 Read more »