The entity that has offered to take Amara Holdings private has declared the completion of the compulsory acquisition after the transfer of offer shares of dissenting shareholders, according to a bourse filing on July 18.
Amara is now a wholly-owned subsidiary of the entity, DRC Investments, and will be delisted on the mainboard of the SGX with effect on July 21.
DRC Investments is made up of a group of investors including Wing Tai Holdings, the Teo family controlling Amara Holdings, and Hwa Hong Corp. They first offered to take Amara private in April for 89.5 cents per share at $514.6 million.
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