Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Navis takeover offer for Eng Kong backed by 67% of shareholders

Navis takeover offer for Eng Kong backed by 67% of shareholders

Singapore: Navis Capital Partners takeover offer for container services and logistics company Eng Kong Holdings has been declared unconditional with a 67.19% acceptance level. Navis Capital Partners S$77.44m takeover offer for the Singapore-listed company has been accepted by three of Eng Kong's main shareholders, Eddie Li Hung, Paul Ng Kam Ming and Godfrey Leung Wai Kuen, who hold a combined stake off 66.39% of the firm. The offer of S$0.295 per share will remain open until 28 July. "Navis intends to make Eng Kong its wholly-owned subsidiary and does not intend to preserve its listing status," the company said. [21/06/10]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish