Hotels, Resorts and Cruise Lines

Amara

DRC Investments Completes Privatization Acquisition of Ango Holdings

An Guo Holding's Acquisition Offer Gets Independent Advisor's Approval

Multiple Singapore-listed Companies Face Delisting Due to Market Pressure

Amara released FY2024 Annual Earnings on February 28 (SGT) with actual revenue of SGD 123.95 M and EPS of SGD 0.0031

Amara released FY2024 Q4 earnings on February 28, 2025 (SGT) with actual revenue of SGD 34.84 M and EPS of SGD 0.0041

Amara released FY2024 Q3 earnings on February 28 (SGT), actual revenue SGD 34.84 M, actual EPS SGD 0.0041

Amara released FY2024 9 Months Earnings on February 28 (SGT), with actual revenue of SGD 89.1 M and actual EPS of SGD -0.0008

Amara released FY2023 Q3 earnings on February 28, 2024 (SGT) with actual revenue of SGD 32.9 M and EPS of SGD 0.0054

Amara released FY2023 9 Months Earnings on February 28, SGT, with actual revenue of SGD 82.75 M and EPS of SGD 0.0067

Amara released FY2023 Q4 earnings on February 28 (SGT), with actual revenue of SGD 32.9 M and EPS of SGD 0.0054

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Amara Raja Shareholders Clear Second Term for Independent Director via Postal Ballot

Tip Ranks

Amara Raja Shareholders Clear Second Term for Independent Director via Postal Ballot

Amara Raja Energy & Mobility (NSE:ARE&M) has a net cash position of ₹1.42b, with ₹1.89b in debt and ₹3.31b in cash. Despite liabilities of ₹25.7b due within 12 months, the company's total market value is ₹156.4b, suggesting manageable risk. However, its EBIT has decreased by 26% over the past year, raising concerns about future earnings and cash flow, which is only 14% of EBIT. Overall, while the balance sheet shows some strengths, there are warning signs to consider regarding the company's financial health.

Simplywall

Does Amara Raja Energy & Mobility (NSE:ARE&M) Have A Healthy Balance Sheet?

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SZKMY

Maruti Suzuki India Ltd. has received approval from the National Company Law Tribunal (NCLT) for the amalgamation of Suzuki Motor Gujarat into its operations.1Amara Raja, a battery supplier for Maruti Suzuki, saw a 25.6% profit rise and 8% revenue growth in Q2, driven by higher demand from auto makers after India's tax cuts.2

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Suzuki Motor Corp.

Suzuki

Key facts: Maruti Suzuki approved for Suzuki Motor Gujarat merger; Amara Raja posts 25.6% profit rise

UOVEY

United Overseas Bank Limited, through DRC Investments Pte. Ltd., has announced a voluntary unconditional general offer for all issued ordinary shares of Amara Holdings Limited, excluding treasury shares. The offer is unconditional, and the Offeror plans to exercise compulsory acquisition rights under the Companies Act 1967, potentially altering Amara Holdings' shareholder structure and market position significantly. Amara Holdings currently has a market cap of S$511.7M and an average trading volume of 85,709 shares.

United Overseas Bank (UOB)

UOB Announces Unconditional Offer for Amara Holdings

On 15 May, DRC Investments received valid acceptances of over 90%.Amara Holdings has received approval from the Singapore Exchange to delist, according to a bourse filing by the group on 8 July.On 28 April, the company received an offer from DRC Investments to take over the firm for $0.895 per share.On 15 May, DRC Investments received valid acceptances of over 90%, and the offer was declared unconditional in all respects.The company declared the loss of free float and submitted an application to the SGX for the approval of its delisting the following day.

Singapore Business Review

Amara Holdings to delist on SGX

It will delist from SGX after completion of privatisation offer.DRC Investments Pte. Ltd.’s bid to take Amara Holdings Ltd. private private closed with 97.74% valid acceptances.The offer, priced at $0.895 per share, closed at 5:30 p.m. on 10 June.DRC made a voluntary general offer on 28 April for all of Amara’s issued ordinary shares.DRC plans to acquire full ownership of Amara and does not intend to retain its listing on SGX.The board has requested the suspension of Amara's shares trading starting 11 June.

Amara privatisation offer closes with 97.74% valid acceptances

United Overseas Bank Limited, through DRC Investments Pte. Ltd., has announced a voluntary unconditional general offer for all issued ordinary shares of Amara Holdings Limited. The offer is unconditional and includes plans to compulsorily acquire shares from dissenting shareholders, potentially altering Amara's shareholder structure and market positioning. Amara Holdings operates in the hospitality and real estate sectors in Singapore, with a current market cap of S$511.7M.

UOB Announces Unconditional Offer for Amara Holdings Shares

The independent financial advisor (IFA) has deemed DRC Investment's takeover offer for Amara Holdings at $0.895 per share as 'fair and reasonable'. The offer, which aims to take Amara private, represents a 33% premium over its net asset value, a 27% premium over its last trading price, and a 48.9% premium over the average prices over the past year. DRC Investments currently holds 90.58% of Amara Holdings shares.

Amara Holdings takeover offer ‘fair and reasonable’—IFA

Amara(A34.SG)

Amara Raja Shareholders Clear Second Term for Independent Director via Postal Ballot

Does Amara Raja Energy & Mobility (NSE:ARE&M) Have A Healthy Balance Sheet?

Key facts: Maruti Suzuki approved for Suzuki Motor Gujarat merger; Amara Raja posts 25.6% profit rise

UOB Announces Unconditional Offer for Amara Holdings

Amara Holdings to delist on SGX

Amara privatisation offer closes with 97.74% valid acceptances

UOB Announces Unconditional Offer for Amara Holdings Shares

Amara Holdings takeover offer ‘fair and reasonable’—IFA