Eu Yan Sang to be delisted in October
Suspension of share trading starts Sept 28.
Eu Yan Sang requested a suspension of trading in its shares starting Sept 28 and delisting on Oct 7. The delisting marks an end to the group's 16 years on the SGX main board.
According to media reports, the delisting comes after a consortium led by a UOB‐backed fund, a Temasek Holdings unit and Eu Yan Sang International's group chief executive officer Richard Eu made a privatisation bid for the company, offering S$0.60 cash for each share that it does not own.
The final closing date for the offer was Sept 27. Eu Yan Sang shares closed a cent higher at $0.60 on Tuesday.