Singapore Stocks to Watch: Chip Eng Seng, MS Holdings
The following company saw new developments that may affect the trading of its securities on Monday (Dec 5):
Chip Eng Seng chairman Celine Tang and her husband Gordon Tang have revised the mandatory conditional cash offer to acquire the property player to S$0.75, a S$0.03 or 4.2 percent improvement over the initial offer of S$0.72 a share.
The offer to take MS Holdings private closed on Dec 2 with valid acceptances representing 96.72 percent of the company’s total issued shares. It has called for a suspension of the trading of its shares on Monday (Dec 5) at 9 am. The offeror, Kingswin Investment, will exercise its right to compulsorily acquire all the remaining offer shares.
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