Shaw Kwei makes buyout offer for Singapore-listed Chosen
Shaw Kwei & Partners has submitted a buyout offer for Chosen Holdings, a manufacturer of plastic components commonly used in consumer electronics, cars and medical devices, that values the Singapore-listed company at approximately $68 million ($48 million).
The private equity firm wants to buy all 282 million outstanding shares in Chosen at S$0.24 apiece, a 21% premium to the last closing price prior to the offer being announced. Certain shareholders, including...
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