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Kingboard Copper Foil's controlling shareholder launches 2nd privatisation bid

S$0.60-a-share offer higher than the $0.40 - deemed as not fair nor reasonable - it had offered shareholders two years ago

Published Thu, Apr 4, 2019 · 09:50 PM

kingboard copper foil

Singapore

EXCEL First Investments is making a fresh attempt to privatise Kingboard Copper Foil Holdings.

It offered on Thursday S$0.60 each in cash for shares of the Hong Kong-based, mainboard listed company that it does not already own, with a view to delisting it.

This follows an attempt two years ago which failed after independent financial advisers and company independent directors advised shareholders to reject the offer of S$0.40 a share because they deemed i…