DRC Investments made a voluntary conditional general offer for the entire issued shares of Amara Holdings (SGX:A340 at SG$0.895 per share in cash, according to a Monday filing with the Singapore Exchange.
DRC Investments is a vehicle held by Wing Tai and Hwa Hong Corp., with the offer price representing a 27% premium over Amara's last traded price.
The offeror has no intention to preserve the company's listing status, the filing added.
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