SK Jewellery siblings plan to take company private

More flexibility: An employee of SK Jewellery displaying gold heart-shaped pendants. The Lim siblings say privatising the company will provide them with greater control.

SINGAPORE: The founders of SK Jewellery Group have launched a voluntary conditional cash offer of 15 cents per share to delist and privatise the company, they announced in a bourse filing yesterday before the stock market opened.

The founders are Peter Lim Yong Guan, the company’s non-executive chairman; his brother Daniel Lim Yong Sheng, executive director and chief executive officer; and their sister Mary Lim Liang Eng, executive director and group chief operating officer. Peter is also the co-founder, executive chairman and CEO of pawnbroker Moneymax Financial Services.