Trading in Tsit Wing shares will halt after July 23 when buyout offer closes

The buyout offer for Tsit Wing International Holdings has hit 94.13 per cent of the issued capital.

As the offeror has received valid acceptances of not less than 90 per cent, it is now entitled to exercise its right to compulsorily acquire all the remaining shares.

As the free float requirement for a listed company has also been breached, trading in the shares will be suspended at the close of offer on July 23.