Corporate digest

LTC Corporation

THE controlling family of LTC Corp has extended its S$0.925 per share exit offer for the steel trading and property group to the end of the month. The new deadline is now 5.30pm on Jan 31, from the previous deadline of 5.30pm on Jan 10. The new deadline may not be final.

The offeror, Mountbatten Resources Pte Ltd, is an investment vehicle for LTC's controlling Cheng family, which successfully obtained approval for a voluntary delisting last month.

As at Dec 27, acceptances for the exit offer amounted to about 89.77 per cent of the total number of shares, including an 88.44 per cent stake hel…