Kingyue International Move to Acquire Majority Stake in Samko Timber

Trading View
2025.07.23 09:49
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Kingyue International agreed to acquire the 66.91% stake held by Sampoerna Forestry in Samko Timber (SGX:E6R0) for SG$0.0005237 per share, according to a filing with the Singapore Exchange on Wednesday. Following the closing of the mandatory unconditional cash offer, Kingyue will conduct a comprehensive review of the company and its subsidiaries to enhance their strategic direction and operations. The holding company seeks to maintain Samko Timber's listing status.

Kingyue International agreed to acquire the 66.91% stake held by Sampoerna Forestry in Samko Timber (SGX:E6R0) for SG$0.0005237 per share, according to a filing with the Singapore Exchange on Wednesday.

Following the closing of the mandatory unconditional cash offer, Kingyue will conduct a comprehensive review of the company and its subsidiaries to enhance their strategic direction and operations.

The holding company seeks to maintain Samko Timber's listing status.

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