Thursday 28 Mar 2024
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SINGAPORE (Dec 29): Qian Jianrong, the co-founder, executive chairman, and chief executive officer of CWG International, is leading a consortium to make a voluntary conditional cash offer for shares in the SGX-listed real estate group, with the intention of delisting and privatising the company.

Elidom Investment Co, a consortium comprising Sinway Investment, H&H Wealth, and Floriland Co, plans to offer 19.5 Singapore cents per share for the shares that it does not already own in CWG.

This represents a premium of approximately 29.1% over the volume-weighted average price per share for the one month leading up to Dec 28. The offer price is also some 27.5% higher than CWG’s closing price of 15.3 Singapore cents on Thursday... (Click here to read the full story.)

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