Investor sell-off: Tourists walk in front of the central business district in the city-state. UOB, DBS Bank and OCBC Bank, with price declines averaging 8% in April, are scheduled to release their 2025 first-quarter business updates this week. — AP
SINGAPORE: Four Singapore Exchange (SGX) companies announced privatisation offers last week, taking the number of companies that have received such offers in 2025 to at least 11.
While most of the companies received offers from major shareholders citing poor trading liquidity as the main reason for privatisation, one firm – gaming hardware distributor Ban Leong Technologies – received an offer last week from a third-party acquirer with no prior relationship to the company.
