For subscribers
Challenger's minority shareholders say its cash exit offer too low
Sign up now: Get ST's newsletters delivered to your inbox
Challenger Technologies, which has 38 stores in Singapore, said delisting makes sense given it has not carried out any capital-raising exercise since 2007 and is unlikely to require access to funding to finance operations in the future.
PHOTO: ST FILE
Seow Bei Yi
Follow topic:
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.
