Singapore Deal : SC Global bid by owner to go Private

Offer Highlights

• The Offer Price is $1.80 per Share in cash and is unconditional in all respects.

• The Offer represents an opportunity for Shareholders to exit and realise their

• Mr Simon Cheong already owns or controls a 55.06%  stake in SC Global

Developments Ltd ("SC Global" or the "Company") and is seeking to de-list

and privatise SC Global for the following reasons:

• Shareholders who accept the Offer before the Offer closes will be paid the

Offer Price for their Offer Shares within 10 days after the receipt by the

Offeror of valid and complete acceptances of the Offer.

Deal offered at $1.80. Last close price at $1.21. Roughly 48.76% premium to close. However as this deal is unconditional, expect it to trade at $1.80 upon open. Should not have any money left on the table. If there are any money to be made inclusive of your brokerage cost, go for it. 

I do not think there will be another higher bid coming in given Mr Simon Cheong already owns 55.06% (control of the company) and this exercise is to defray the cost of listing,reporting and regulatory redtapes, So there is not an inherent call option in this deal.