Award-winning Financial Journalist

Ashish Saxena

Event-Driven

In a bid to take <a href="https://www.smartkarma.com/entities/6998" target="_blank" data-smartkarma-citation="entities:6998">Select Group Ltd</a> private, a group of its promoters and shareholders have teamed up with Dymon Asia Private Equity to launch a cash offer of S$0.515 per share, after adjusting for a S$0.01 dividend for FY2015.Curiously, not all promoters are involved in the privatisation bid.As a matter of fact, one of the promoters sold out just weeks before the offer announcement.But before getting to that, let's take a quick look at the offer.<figure class="editor-figure"><img src="https://static-prod.smartkarma.com/images/media/000/006/596/original/Stock-Price-Price_chartbuilder.png?1458821815" class="editor-image img-responsive" data-smartkarma-image-id="6596"></figure>The offer price represents a premium of 23.5% on…

In a bid to take Select Group Ltd private, a group of its promoters and shareholders have teamed up with Dymon Asia Private Equity to launch a cash offer of S$0.515 per share, after adjusting for a S$0.01 dividend for FY2015.Curiously, not all promoters are involved in the privatisation bid.As a matter of fact, one of the promoters sold out just weeks before the offer announcement.But before getting to that, let's take a quick look at the offer.The offer price represents a premium of 23.5% on…

Select Group Ltd: What Made Lee Chye Tek Lionel Exit Weeks Before the Privatisation Offer?