Amara announces it will delist from SGX mainboard on Jul 21

Amara Holdings will delist from the Singapore Exchange mainboard on July 21, following a successful privatization offer that garnered 97.8% acceptance. DRC Investments, led by Hwa Hong, will acquire remaining shares at S$0.895 each, valuing Amara at approximately S$514.6 million. The delisting follows a trading suspension due to a loss of free float, and the consortium plans to make Amara a wholly-owned subsidiary without preserving its listing status.