---
title: "Silverlake Axis to be delisted from SGX after E21 acquisition"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/220040688.md"
description: "Silverlake Axis will be delisted from the Singapore Exchange (SGX) following E21's acquisition, as they now own 98.3% of the shares. With public ownership dropping below 10%, trading will be suspended. E21 is entitled to compulsorily acquire remaining shares after offering to take the company private at a cash price per share."
datetime: "2024-11-19T03:26:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/220040688.md)
  - [en](https://longbridge.com/en/news/220040688.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220040688.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/220040688.md) | [繁體中文](https://longbridge.com/zh-HK/news/220040688.md)


# Silverlake Axis to be delisted from SGX after E21 acquisition

**Total number of shares owned by E2I amounted to 2.5 billion shares.**

Silverlake Axis will be delisted from the Singapore Exchange (SGX) following the close of E21’s voluntary unconditional offer last 18 November, according to a bourse filing.

As of 5:30 pm on Monday, the total number of shares owned, to be acquired by E2I and valid acceptances amounted to 2.5 billion, representing 98.3% of total shares.

Now that the public holds less than 10% of Silverlake Axis’ shares, trading of the company’s shares will be suspended.

Accordingly, E2I is entitled to compulsorily acquire all the shares of shareholders who have not accepted the offer.

E2I offered to take the company private at $0.36 in cash per share last August.

### Related Stocks

- [Silverlake Axis Ltd. (5CP.SG)](https://longbridge.com/en/quote/5CP.SG.md)

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