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Broadway Industrial Group Limited ( (SG:B69) ) just unveiled an announcement.
Broadway Industrial Group Limited has electronically disseminated a circular to shareholders detailing a proposed exit offer via a selective capital reduction and a planned delisting from the Mainboard of the Singapore Exchange. The circular, which includes recommendations from the board’s recommending directors and advice from an independent financial adviser on the exit offer, is being provided only in electronic form in line with Singapore’s temporary measures allowing e-dispatch of takeover-related documents; shareholders have received an electronic dissemination notice, notice of EGM, proxy form and a request form should they wish to obtain printed copies, marking another formal step toward the company’s potential privatisation and removal from public listing.
More about Broadway Industrial Group Limited
Broadway Industrial Group Limited is a Singapore-incorporated company listed on the Mainboard of the SGX-ST. The announcement relates to its status as a listed company and its shareholder base but does not specify its industry, core products or services, or particular market focus.
Technical Sentiment Signal: Buy
Current Market Cap: S$88.91M
See more insights into B69 stock on TipRanks’ Stock Analysis page.