Will Sunningdale minorities seize the chance to stay invested as the company goes private?
Having an avenue to ride along with the acquirers may reduce the tension and criticism such deals normally draw
WHEN I first saw the headlines about precision plastic components maker Sunningdale Tech being taken private, I thought we were headed for another round of handwringing about the future of the local stock market being threatened by delistings.
Then, I read the lengthy announcement of the deal and realised this was a somewhat different story.
Sunningdale may well be on its way to being delisted, and that will probably not be positive for the vibrancy of the local market. But Sunningdale's minority shareholders are being offered the opportunity to remain invested in the company after it goes private.
Under the deal, Sunningdale's chairman and major shareholder Ko…
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake