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Amara Holdings Receives $514.6m Takeover Offer
The Straits Times
|April 29, 2025
Group's chairman, S'pore developers part of consortium seeking to take it private
Amara Holdings, the hotel and property group that runs Amara Singapore in Tanjong Pagar, has received a $514.6 million takeover offer from a consortium involving its bosses and Singapore property developers Wing Tai and Hwa Hong Corp.
It is the second time Amara Holdings' chairman and chief executive Albert Teo is attempting to take the company private.
The consortium, DRC Investments, on April 28 offered to buy all the shares of Singapore Exchange-listed Amara Holdings for 89.5 cents per share in cash.
The offer price represents a 33 per cent premium over Amara's net asset value per share of 67.3 cents as at Dec 31, 2024. It is also a 27 per cent premium over the company's last transacted price of 70.5 cents per share on April 24, when trading of its shares were halted pending an announcement.
Denne historien er fra April 29, 2025-utgaven av The Straits Times.
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FLERE HISTORIER FRA The Straits Times
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