Hai Leck Holdings (SGX:BLH) was granted an extension of time for the completion of the scheme of arrangement within 10 months, according to a Friday filing with the Singapore Exchange.
This comes after Cheng Buck Poh through Cheng Investment Management, has made an offer to fully acquire the company's issued ordinary shares, via a scheme of arrangement.
Under the scheme consideration, Cheng has proposed to acquire the company's shares at SG$0.55 in cash per eligible share.
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