Unconditional Cash Offer for Sin Heng Heavy Machinery Limited – Shareholders Urged to Act Quickly
Key Highlights:
TAL United Pte. Ltd. has made an unconditional voluntary cash offer to acquire all the issued and paid-up ordinary shares of Sin Heng Heavy Machinery Limited at S$0.58 per share 1.
The offer is open for acceptance until 5.30 pm (Singapore time) on 30 April 2025 1.
Shareholders who wish to accept the offer must submit the Form of Acceptance and Authorisation (FAA) to The Central Depository (Pte) Limited by the deadline 1.
The offer will not be extended beyond the closing date, save for in a competitive situation 1.
Shareholders who accept the offer will receive the offer price of S$0.58 per share 1.
Potential Impact on Share Price:
The unconditional cash offer at a premium to the current share price could potentially drive up the share price of Sin Heng Heavy Machinery Limited in the short term, as shareholders consider tendering their shares.
However, the share price may be susceptible to volatility leading up to the closing date, as shareholders weigh their options and decide whether to accept the offer.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence and seek professional financial advice before making any investment decisions. The author and publisher of this article shall not be liable for any losses or damages arising from the use of this information.
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