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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

- Kang Wan Chern

Amara Holdings Receives $514.6m Takeover Offer

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.

The Straits Times'den DAHA FAZLA HİKAYE

The Straits Times

The Straits Times

UPS cuts 48,000 jobs on fewer Amazon deliveries

NEW YORK - United Parcel Service (UPS) is cutting some 48,000 jobs as part of a major reorganisation connected to a planned reduction in delivery services for Amazon packages, company officials said on Oct 28.

time to read

1 min

October 30, 2025

The Straits Times

The Straits Times

Child protection • Consider renaming agency to reinforce its enforcement role

A nation searches its soul over the brutal abuse and killing of four-year-old Megan Khung.

time to read

1 min

October 30, 2025

The Straits Times

S'pore investing in field of embodied Al

Of the two cohorts supported so far, six startups are based in Singapore, reflecting how local innovators are helping to shape the region's low-carbon transition, said DPM Gan.

time to read

2 mins

October 30, 2025

The Straits Times

KL's ban on raw rare earths exports remains despite US deal: Minister

KUALA LUMPUR - Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the US this week, the investment, trade and industry minister said on Oct 29.

time to read

1 min

October 30, 2025

The Straits Times

At least 132 killed in Brazil police raids in Rio ahead of COP30

Eighty-one arrested in operation described by state govt as largest to target major gang

time to read

2 mins

October 30, 2025

The Straits Times

Enlivening S’pore’s north, helping shops digitalise among ideas being studied by RTS Link task force

Rejuvenating neighbourhoods in Singapore’s north and supporting businesses through promotions and digitalisation are some plans being explored by a task force helping Singaporeans and local businesses seize opportunities from the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link.

time to read

3 mins

October 30, 2025

The Straits Times

Nasa tests ‘quiet’ supersonic jet in quest for faster passenger air travel

- Nasa’s X-59 Quesst supersonic-but-quiet jet soared over the Southern California desert on Oct 28 in the first test flight of an experimental aircraft designed to break the sound barrier with little noise, paving the way for faster commercial air travel.

time to read

2 mins

October 30, 2025

The Straits Times

Repetitive dullness snuffs out A House Of Dynamite

A HOUSE OF DYNAMITE (M18) 115 minutes, available on Netflix ★★☆☆☆ The story: A missile, possibly armed with a nuclear payload, launches from Asia and is headed towards the United States. Impact is expected in minutes. In the White House situation room, Captain Walker (Rebecca Ferguson) tries to work out the origins of the launch and the reasons for it. At the same time, at a military command centre in Nebraska, General Brady (Tracy Letts) weighs his options. Walker and Brady report their findings to the US President (Idris Elba) and Secretary of Defence Baker (Jared Harris). As minutes tick by, officials are forced to consider the unthinkable: a retaliatory nuclear strike.

time to read

1 mins

October 30, 2025

The Straits Times

What Asean and buoyant Manchester United have in common

Years of underachievement, now a moment in the sun. For both, the hard part comes next.

time to read

4 mins

October 30, 2025

The Straits Times

Advertising Extend SkillsFuture safeguards to financial marketing

I refer to your Oct 8 report “SkillsFuture training providers barred from using third-party promoters from Dec 1”.

time to read

1 min

October 30, 2025

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