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KKR to Acquire Unisteel Technology
Just a day after Unisteel posted an announcement requesting for a suspension in the trading of their shares and a cautionary note saying that the transaction may or may not materialise, they released this piece of news today: Proposed Acquisition of Unisteel Technology by Kohlberg Kravis Roberts & Co (KKR) From the press release, we […]
Unisteel Technology in Advanced Talks with Buyers
Just a few days after I wrote about the possibility of a takeover offer for Unisteel, the management of the company called for a suspension of the trading of their shares. By then, the price already spiked up to close at $1.76. Yesterday, the company announced that they were already in advanced talks with one […]
Unisteel Technology Buyout Offer
On 15th April this year, there was a sudden spike in the price of Unisteel from $1.40 to $1.68. Apparently, there were rumours in the market that there might be some takeover offer for Unisteel. SGX issued a query to Unisteel which was answered on the following day as such: The Company is not aware […]