United Global will be delisted on January 25 from the global exchange.
According to the exchange disclosure on January 4, $United Global (43P.SG)$ the privatization offer has accumulated enough valid acceptances to exceed the 90% mandatory acquisition threshold.
As of January 4, the offeror DWM Investments and its concert parties have received valid acceptances, representing approximately 92.72% of the total shares of United Global.
Therefore, the offeror intends to exercise its compulsory acquisition rights to acquire all the shares of United Global at its offer price of SGD 0.45 (USD 0.33) per share after the offer ends on January 25. Upon completion of the transaction, United Global will be delisted from the Singapore Exchange.
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