Innovalues to be delisted tomorrow

People pass an SGX Singapore Exchange logo outside its premises in Singapore's Central Business District.
People pass an SGX Singapore Exchange logo outside its premises in Singapore's Central Business District.PHOTO: REUTERS

SINGAPORE - Innovalues has announced that it will be delisted from the Singapore Exchange with effect from tomorrow (March 17, 2017).

In a statement on the Singapore Exchange, the precision machine parts maker said Thursday that scheme consideration has been paid and share certificates have been despatched to each shareholder who elected to receive the cash and securities consideration.

In January, shareholders had given a nod to the takeover of Innovalues by private equity firm Northstar Advisors at S$1.01 a share. The deal valued the firm at S$331.4 million.