Boardroom free float falls below 10% threshold, Companies & Markets - The Business Times - THE BUSINESS TIMES -BoardProspects

Boardroom free float falls below 10% threshold, Companies & Markets - The Business Times

THE BUSINESS TIMES Jun 7 2019 BoardBlogs

The free float of corporate secretarial services firm Boardroom fell below the 10 per cent mark as at Thursday 5pm, the company announced in a bourse filing on Friday. Salacca, the GK Goh Holdings unit that launched a takeover offer for Boardroom, does not intend to restore the free float requirement for the mainboard-listed company and will seek to delist it.
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1. Notwithstanding the above, shareholders should note that the company is not able to determine at this juncture whether the free float requirement may or may not be restored in future.
Topics Mentioned
- human rights
- Takeover
Authors
- Sharanya Pillai