Delisting offer of 30 cents apiece unveiled for Malacca Trust
LARGE shareholders of financial services firm Malacca Trust are teaming up in a bid to privatise the firm just two years after it listed here.
The exit offer of 30 cents per share is significantly higher than the 22-cent initial public offering price when the Indonesian company debuted on the Catalist in July 2011.
The offer has ben lodged by Beacon Peak Capital, whose investors include the family members of Malacca Trust's controlling shareholder and family members of the co-founders of some of Malacca Trust's operating units.
Malacca Trust chief executive Rudy Johansen is also a shareholder of Beacon Peak Capital.