Primer: Avarga (AVARGA SP) - Aug 2026
A pending privatization offer from Executive Chairman Tong Kooi Ong's entity, TKO Pte. Ltd., at S$2.70 per share is the primary catalyst for the...
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Avarga (AVARGA SP): Synthetic Expert Call Transcript (14 Jul 2026)
The S$2.70 take-private offer by TKO Pte. Ltd. values Avarga at a clear discount to the S$2.91 implied value of its 74.2% stake in Taiga Building...
115 Views
Avarga (AVARGA SP): 27th July Vote On Tong's Scheme
For an illiquid arb, this is trading tight at 1.1%/3.7% gross/annualised. Unless already in, or reckon the Tong's opt for a last minute bump, this...
127 Views
Avarga (AVARGA SP): Scheme Value Below the Value of Taiga Stake, but Likely Done
The offer values Avarga at a discount to the Taiga stake and at a lower EV/EBITDA multiple than the 2024 MGO. Nevertheless, the scheme vote is low...
318 Views
Avarga (AVARGA SP): Tong's Scheme Is Light
Terms, which have not been declared final, are ok. There may be enough here to facilitate an exit for investors. If illiquid arbs are your bag,...
308 Views