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LHT Holdings Ltd ( (SG:BEI) ) has issued an announcement.
LHT Holdings Limited has received an offer from its Managing Director and CEO, Ms. Yap Mui Kee, to purchase all or substantially all of the company’s operating assets and business undertakings. The board is reviewing the offer, with Ms. Yap abstaining from deliberations due to her position. The offer is not binding until accepted, and the board has not yet made a decision. If accepted, the transaction would be considered an interested person transaction under Singapore Exchange regulations, requiring further announcements as developments occur.
More about LHT Holdings Ltd
LHT Holdings Limited operates in the manufacturing industry, focusing on producing and distributing wooden pallets, packaging, and related products. The company is based in Singapore and serves various market segments requiring wood-based products.
Average Trading Volume: 9,070
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$52.98M
Learn more about BEI stock on TipRanks’ Stock Analysis page.