Isetan (Singapore) Limited (SG:I15) has released an update.
Isetan (Singapore) Limited has announced a proposed acquisition where its parent company, Isetan Mitsukoshi Ltd., intends to purchase all the ordinary shares of Isetan (Singapore) not already owned by them through a scheme of arrangement. Shareholders are offered a cash consideration of S$7.20 per share. The acquisition aims to consolidate ownership and streamline operations.
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