Hotel Grand Central Ltd. (SG:H18) has released an update.
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Hotel Grand Central Limited and Tan Chee Hoe & Sons Sdn Bhd have jointly proposed to acquire the remaining shares of Grand Central Enterprises Berhad, with the intent of delisting the company from Bursa Malaysia’s Main Market. The offer, priced at RM0.46 per share, represents a premium over the recent trading prices of the company’s shares and totals approximately RM24.78 million for the remaining stake. The full acceptance of the offer would result in the Joint Offerors owning 100% of the enterprise.
For further insights into SG:H18 stock, check out TipRanks’ Stock Analysis page.
