Tokyo-listed Kyowa offers S$0.13 a share for DeClout

Singapore

A WHOLLY owned subsidiary of Tokyo-listed Kyowa Exeo Corporation has made a voluntary conditional cash offer to acquire Catalist-listed DeClout at S$0.13 per share in cash, the technology incubator said on Monday.

Kyowa is a Japanese conglomerate that builds and supplies telecommunications infrastructure, electrical, civil and environmental engineering services, systems solutions and integration services.