05-04-2023, 10:22 AM
(27-03-2023, 11:42 PM)Shiyi Wrote: The offeror owns 95.5% stake at the close of the offer today. It's not going to restore the free float, nor can it delist through an exit offer as it does not meet the "fair and reasonable" requirement. Interesting to see how it breaks the jam.
Anybody knows if there is such a precedent before?
https://www.businesstimes.com.sg/compani...free-float
Cannot delist, request for extension to restore free float.