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Weiye gets 65 cents per share cash offer from chairman to delist from SGX; HK listing to be kept

PC Lee Published on Wed, Mar 14, 2018 / 8:50 AM GMT+8

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SINGAPORE (Mar 14): Weiye Holdings, the China-based residential property developer, has received an offer from Chairman and CEO Zhang Jianwei to delist from the Singapore Exchange (SGX).

Weiye will however continue to maintain its primary listing on the Mainboard of the Stock Exchange of Hong Kong (SEHK).

Shareholders who currently trade their shares on the SGX and who do not accept the exit offer will be able to continue trading their shares on the SEHK subsequent to the completion of the delisting as their shares will be automatically transferred.

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Weiye gets 65 cents per share cash offer from chairman to delist from SGX; HK listing to be kept