CVCI to privatize SGX-listed firm
Citigroup Venture Capital International’s (CVCI) asset Decorative Arts Holdings has taken Singapore-listed Passion Holdings Ltd. private, for a 23.8% premium on Passion’s last trading price of S$.21.
According to the firm, Decorative Arts will make a voluntary conditional cash offer to acquire all Passion's issued and paid-up ordinary shares currently available on SGX. "With a view to taking Passion...
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