Property developer SingHaiyi receives privatisation offer from major shareholders

Parc Clematis is SingHaiyi's first mega private residential project and largest development to date. PHOTO: PARC CLEMATIS
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SINGAPORE - Shares of developer SingHaiyi Group shot up on Wednesday (Nov 10) following a privatisation offer from billionaire Gordan Tang and his wife Celine.

The stock closed up almost 10 per cent to 11.8 cents - its highest since February 2017 - with 58 million shares changing hands.

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