OTS Gets Singapore Bourse In-Principle Approval to Delist
MT Newswires10-20
OTS Holdings (SGX:OTS) has received in-principle approval from the Singapore Exchange for its proposed delisting following a buyout by BCS Development, according to a Monday filing with the Singapore bourse.
The bourse operator raised no objection to the proposed delisting on Oct. 16, subject to conditions including shareholder approval, a formal opinion from an independent financial adviser, and court approval.
The delisting will take effect only when the scheme becomes effective and binding, the food products company said.
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