Koufu Group

[lonewolf]

A conditional offer of $0.77 has been tabled by Mr. Pang Lim and his wife (who currently owned 77.41% of the company)

The condition of >90% effectively means they are looking to delist the company after being listed for less than 4 years. 

Offer Document

[pianist]

A conditional offer of $0.77 has been tabled by Mr. Pang Lim and his wife (who currently owned 77.41% of the company)

The condition of >90% effectively means they are looking to delist the company after being listed for less than 4 years. 

Offer Document

Can't imagine the party with koufu has to stop so fast, kinda weird a local new listco chose to delist barely less than 4 years of listing, something is not so right about sgx attractiveness ,hmmm..or could it be compliance cost cum rising gst

[lonewolf]

I guess it was inevitable but the offeror has received valid acceptances in respect of 498,331,711 Offer Shares, representing approximately 90.12% of the total number of issued Shares.

The closing date of the offer has been extended to 23 Feb 2022. Dissenting shareholders will have their shares compulsorily acquired.

SOURCE: https://links.sgx.com/FileOpen/Koufu%20-...eID=699282