Texchem-Pack delisting hits snag, financial terms not reasonable


PETALING JAYA: Texchem Resources Bhd’s bid to take private Texchem-Pack Holdings (S) Ltd has hit a snag after the Singapore Exchange Securities Trading Ltd said it was unable to review and clear the draft circular as the financial terms of the exit offer were not reasonable.

Texchem Resources currently holds about 70.48% of Texchem-Pack, which is listed on the Singapore stock exchange.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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