Controlling shareholder of Wheelock Properties launches S$2.10 per share offer

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SINGAPORE (July 19): Star Attraction, the HK-listed 76.21% owner of Wheelock Properties (Singapore), has launched a voluntary unconditional general offer for all the shares it does not own at S$2.10 each.

The offer values the company at over S$2.5 billion. The offeror intends to delist the company if the 10% free float requirement is not satisfied.

Shares in Wheelock last traded at S$1.74 on July 13 when a halt was called... (Click here to read the full story)