A consortium led by real estate company Huafeng shares (Hwa Hong) has turned unconditional proposals for Amara Holdings. As of 6 p.m. on Thursday (May 15), the proposal party held 90.88% of Anguo's equity. Anguo is a hotel investment, real...
A consortium led by real estate company Huafeng shares (Hwa Hong) has turned unconditional proposals for Amara Holdings. As of 6 p.m. on Thursday (May 15), the proposal party held 90.88% of Anguo's equity.
Anguo is a hotel investment, real estate development, and catering industry company. The major shareholder Zhang Fuquan family, together with Huafeng Co., Ltd., Malaysian group Newfields, and Wing Tai Holdings, proposed a cash acquisition proposal of RMB 0.895 per share to Anguo Holdings on April 28, planning to delist the company.
According to a statement released on Friday (16th), as of 6 p.m. Thursday, the contributor held 522.529,331 stocks. As the public shareholding ratio (free float) is below 10%, the Singapore Exchange will stop Anguo's stock trading when the proposal ends on June 10.
Anguo's stock price closed at 0.89% on Thursday before the above news was released.
