This brings the company’s public float to 8.06%, below the 10% mark required for shares to be tradeable on SGX.
To recap, the Chuang family that owns Memtech in May made a voluntary conditional offer of $1.35 per share for the electronics components manufacturer with the intention of delisting it.
On Thursday, Memtech extended by two weeks to July 26 from July 12.
See: Cash offer for Memtech extended by 2 weeks to July 26
