Hwa Hong Corp

Hwa Hong's Conditional Offer Amid Family Tussle

Event-Driven
338 Views, 17 May 2022 20:10
EXECUTIVE SUMMARY
  • Ong Choo Eng and his son Ong Eng Yaw, together with Roswell Assets, Dymon Asia Private Equity, and Crytalic Star have launched a voluntary Offer for Hwa Hong (HWAH SP).
  • The S$0.37/share Offer is a nine-year high and a 27.6% premium to last close. It has not been declared final. 
  • However, it appears not all of the founding members of the company are on the same page. The family fissure became public after the last independent director resigned this month. 
detail (4-minute read)
WHAT’S TRENDING
Insights
  • Trending
  • Latest
logo
Logo
Top 5%
David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

Zoom:
NaN%
x