Aspial Corp. Move to Buy Remaining Shares in AF Global; Shares Down 4%

MT Newswires

2025/10/08

Aspial (SGX:A30) along with JK Global Investment, proposed to acquire the remaining shares in AF Global (SGX:L38) by way of a scheme of consideration, with a target to privatize the hospitality company, according to a Wednesday filing with the Singapore Exchange.

The acquisition will be made through a special purpose vehicle, AFG Investment.

The offeror is targeting the acquisition of around 288.7 million shares for SG$0.11 per share for a total consideration of around SG$31.8 million.

The privatization is expected to provide the company with greater flexibility to manage AF Global.

Aspial currently has a 41.75% stake in AF Global, whole 30.91% of the stake is held by Koh Wee Meng who is the brother of the company's executive chairman, Koh Wee Seng.

Shares of the company were down nearly 4% in Wednesday trading.

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Move to Buy Remaining Shares in AF Global; Shares Down 4%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time smaller\">2025-10-08 12:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> Aspial (SGX:A30) along with JK Global Investment, proposed to acquire the remaining shares in AF Global (SGX:L38) by way of a scheme of consideration, with a target to privatize the hospitality company, according to a Wednesday filing with the Singapore Exchange.</p><p>The acquisition will be made through a special purpose vehicle, AFG Investment.</p><p>The offeror is targeting the acquisition of around 288.7 million shares for SG$0.11 per share for a total consideration of around SG$31.8 million.</p><p>The privatization is expected to provide the company with greater flexibility to manage AF Global.</p><p>Aspial currently has a 41.75% stake in AF Global, whole 30.91% of the stake is held by Koh Wee Meng who is the brother of the company's executive chairman, Koh Wee Seng.</p><p>Shares of the company were down nearly 4% in Wednesday trading.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6059","symbol_name":"酒店、度假村與豪華遊輪","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573117839","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573117839","pubTimestamp":1759899295,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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