DRC Investments Makes Voluntary Conditional General Offer for Amara Holdings

MT Newswires

04-28

DRC Investments made a voluntary conditional general offer for the entire issued shares of Amara Holdings (SGX:A340 at SG$0.895 per share in cash, according to a Monday filing with the Singapore Exchange.

DRC Investments is a vehicle held by Wing Tai and Hwa Hong Corp., with the offer price representing a 27% premium over Amara's last traded price.

The offeror has no intention to preserve the company's listing status, the filing added.

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