A falling star indeed.
OCBC ceases coverage on Starburst
SINGAPORE (March 9): OCBC Investment Research is ceasing coverage on firearms-training facilities provider Starburst Holdings due to lack of market liquidity.
http://www.theedgemarkets.com.sg/article...-starburst
Nordic Group is buying the 69.7% controlling block from the 2 founders/EDs - Mr Edward Lim Chin Wah and Mr Yap Tin Foo - and has made a voluntary conditional offer at $0.238/share with the view to privatise Starburst Holdings..
https://links.sgx.com/FileOpen/Announcem...eID=697008
Another promising company to be delisted from SGX!
While Lim and Yap are giving up their combined ambition to build Starburst's well-established business as a listed enterprise and apparently now prefer to be just salary managers under Nordic Group, a relevant question for Starburst's minority shareholders : Is $0.238/share a fair price or good enough?