Tangs offer to privatise SingHaiyi Group at 11.7 cents per share

The Edge Singapore

November 10, 2021



SINGAPORE (EDGEPROP) - Gordon and Celine Tang, the couple controlling developer SingHaiyi, is making an offer to privatise the developer, offering 11.7 cents per share for the 21.63% of the company they don't already own.

The offer price is a premium of 8.3% over the last traded price of 10.8 cents as of Nov 8, and values the company at around $498 million.

Read more at: https://www.edgeprop.sg/property-new...17-cents-share