Plato Capital to delist with $0.0305 exit offer price
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Plato Capital is set to delist with an exit offer price of $0.0305 per share, representing a 111.81% premium over its last traded price on May 23. The company plans a voluntary delisting through a selective capital reduction, cancelling 2.1 million shares and reducing its paid-up capital by $6.4 million. The exit offer also shows significant premiums over one-, three-, and six-month average prices, but is at a 37.11% discount to the net asset value of $0.085 as of December 31, 2024. An extraordinary general meeting will be held for shareholder approval, requiring at least 75% support.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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