Broadway Industrial Faces Acquisition and Trading Implications

Broadway Industrial Group Limited (SG:B69) has released an update.

United Overseas Bank, on behalf of Patec Pte. Ltd., has made a mandatory unconditional cash offer to acquire all outstanding shares of Broadway Industrial Group Limited, excluding those already owned by the offeror. This development may impact Broadway’s trading status and float in the market, raising important considerations for shareholders. Potential changes in listing status and shareholder rights under the Companies Act are also highlighted.

For further insights into SG:B69 stock, check out TipRanks’ Stock Analysis page.