SINGAPORE - Minority shareholders of Challenger Technologies are crying foul on what they claim is a cheapskate offer price to buy their stock so the IT retailer can delist.
Among them is Singapore-based fund management company Pangolin Investment Management, which strongly advised shareholders two weeks ago to reject the exit offer of 56 cents a share at an upcoming extraordinary general meeting.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you