Signature International gets takeover offer from Chin Hin at 84 sen per share
The mandatory takeover offer was triggered subsequent to Chin Hin’s acquisition of a 4.
The mandatory takeover offer was triggered subsequent to Chin Hin’s acquisition of a 4.
Even with potentially higher debt, Chin Hin said it is an "opportune time" to increase its stake in Signature given the latter’s positive earnings prospects and synergy between the duo going forward.
“The proposed disposals are undertaken for the purpose of reducing the cost associated with maintaining the loss-making subsidiary, ie Signature Facade and thereby improving the balance sheet of Signature Group.
Signature International said the purchase of the stake from ZZBSB’s director Foo Khai Shin for RM13.
Tan was appointed to the post in June 2021 upon his resignation as group managing director.
Signature International said the bonus issue of up to 295.
Year to date, Signature International's share price has more than doubled, while Chin Hin has risen 158.
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KUALA LUMPUR (Dec 17): Kitchen cabinet manufacturer Signature International Bhd is buying a 51% stake in a renovation company for RM15.