Broadway Industrial Group Proposes Delisting Amid Shareholding Changes
Broadway Industrial Group Limited proposes delisting from the Singapore Exchange following a mandatory conditional cash offer, with the controlling shareholder now holding 96.22% of shares. This results in non-compliance with free float requirements, leading to trading suspension and an application for extension to meet listing rules.
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Broadway Industrial Group Limited ( (SG:B69) ) has shared an update.
Broadway Industrial Group Limited has announced a proposed selective capital reduction and delisting from the Singapore Exchange. Following a mandatory conditional cash offer and subsequent shareholder actions, the controlling shareholder now holds approximately 96.22% of the company’s shares. This has led to the company failing to meet the free float requirements, resulting in a suspension of trading and an application for an extension to comply with listing rules.
More about Broadway Industrial Group Limited
Broadway Industrial Group Limited is a company incorporated in Singapore, operating within the industrial sector. The company has issued and paid-up ordinary shares and holds treasury shares, with no instruments convertible into shares or any options, rights, or warrants for new shares outstanding.
Technical Sentiment Signal: Buy
Current Market Cap: S$88.91M
Find detailed analytics on B69 stock on TipRanks’ Stock Analysis page.
