09-09-2013, 01:48 PM
(09-09-2013, 01:18 PM)cif5000 Wrote: I wonder why CK Tang got stuck with their minority shareholders...
I wondered too, and this doc has the answer:
CK Tang Wrote:10. Compulsory Acquisition
As the Offeror (Tang UnityThree LLP) is not a company or a corporation for the purposes of the Companies Act, Chapter 50 of Singapore (“Companies Act”), it is not entitled to, and will not avail itself of the rights under Section 215 of the Companies Act.