Second Chance Properties (SGX:528) will be delisted from the official list of the Singapore Exchange on Nov. 11, according to a filing with the Singapore Exchange on Thursday.
This follows the offeror, Final Chance Holdings, exercising his right of compulsory acquisition earlier this week to acquire all the shares in the company held by dissenting shareholders.
Upon the completion of compulsory acquisition, Second Chance Properties will become a wholly owned subsidiary of the offeror.
Second Chance Properties' founder and chief executive officer, Mohamed Salleh Marican, and his family had proposed in July this year to privatize the company at SG$0.30 per share through a voluntary, unconditional offer.
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