United Overseas Bank Limited's (SGX:U11) ongoing voluntary unconditional offer for Silverlake Axis (SGX:5CP) shares has sparked concerns about the company's free float, according to a Monday filing on the Singapore Exchange.
UOB's shareholding has climbed significantly, now controlling 90.53% of Silverlake Axis following valid acceptances and recent market purchases.
This substantial increase in ownership raises red flags regarding the company's listing status on the Singapore Exchange.
Should UOB's stake surpass the free float threshold, it could lead to potential suspension of trading, as the minimum free float requirement is essential for maintaining a public listing.
Price (SGD): S$0.37, Change: S$-0.0050, Percent Change: -1.35%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。