Procurri Corp moves towards delisting by appointing IFA for privatisation offer
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Procurri Corp has appointed Evolve Capital Advisory as the independent financial adviser for a privatization offer from its parent company, Exeo Global Asset Holdings, amid a potential delisting from the Singapore Exchange. The acquisition offer is for S$0.32 per share, representing a 77.8% premium over recent trading prices. The deal requires shareholder approval and regulatory clearances. Procurri, which has not raised funds since its IPO in 2016, believes its listed status is no longer necessary and aims to pursue long-term strategies without public market pressures.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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