Luzhou Bio-Chem founder launches privatisation bid
Singapore
THE founder of Mainboard-listed Luzhou Bio-Chem Technology Limited wants to take the company private in a deal that values it at S$17.8 million, so as to gain greater management flexibility and control over the company.
Niu Ji Xing, who is also Luzhou's executive chairman and chief executive, on Tuesday launched a voluntary conditional general offer via investment holding company Starnova, of which he is the sole director. Starnova is offering to acquire all the ordinary shares in Luzhou at S$0.03 api…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks extend gains on Tuesday led by banks; STI up 1.5%
Adobe to bring full AI image generation to Photoshop this year
BOJ will hike rates if trend inflation accelerates, says Ueda
London stock market hits record high
Binance’s rivals muscle in on Bitcoin trading around the world
Malaysia to build region’s largest chip design park in bid for top startup-hub status