United Food Holdings to complete exit offer by March
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United Food Holdings plans to complete its exit offer by March, following its delisting from the SGX due to consecutive losses and a market cap below $40m. The company will finalize amendments to the exit offer and submit them for regulatory review in February. An independent financial adviser is expected to be appointed by the end of January. A formal announcement regarding the exit offer will be made by mid-March, pending regulatory approval. The company assures that there is no material impact on its financial position.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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