SINGAPORE – Shares in mainboard-listed Delong Holdings, which accept been abeyant back Oct 5, will resume trading on the Singapore bourse from 1pm on Friday (Oct 12).
This follows the abandonment of an action fabricated by Best Decade, an advance agent of Delong arch controlling Ding Liguo, amidst a delving by the Securities Industry Council (SIC) into any abeyant aperture of Singapore’s Take-over Code.
Mr Ding, who is additionally the company’s controlling chairman, pulled his bid vehicle’s S$7-a-share banknote action on Thursday, citation a claim to backpack the action amount to $7.42 a share.
Best Decade said on Sept 27 that it planned to delist the aggregation and about-face it into a wholly endemic accessory in the aforementioned band of business, should it get accurate acceptances for 90 per cent of the shares it did not hold, by the offer’s bearding aing date.
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