SINGAPORE (Sept 27): Delong Holdings’ CEO and executive chairman Ding Liguo and his wife have made a S$7 per share cash offer to take the China-based steel manufacturer private.
The offer price represents a 76.9% premium over Delong's 12-month volume-weighted average price, and a 1.9% premium over its last transacted price of S$6.87 at the close on Wednesday.
The voluntary condition offer for all the shares the couple do not own was made by... (Click here to read the full story)