It looks like Simon Cheong has won the battle with Wheelock over his SC Global offer. Wheelock has decided to sell their shares to Simon Cheong. With that, the number of shares owned by Simon will exceed 90% of the total shares. He will be able to delist the company and do a compulsory acquisition […]
The battle of Wheelock and SC Global should be more correctly described as the poker game battle of Wheelock and Simon Cheong. In what has become a spanner in Simon Cheong’s privatisation plan of SC Global, Wheelock purchased shares in SC Global at a price of S$1.81 last week. This was $0.01 above the $1.80 […]
SC Global’s Chairman and CEO, Mr Simon Cheong, announced a couple of days ago that he has made a voluntary unconditional cash offer for all the issued ordinary share capital of SGX Mainboard-listed SC Global Developments Ltd. The offer price is at $1.80 which is almost a 50% premium to the price at the time […]