MOF, Acra accept proposals that make it harder to buy out minority shareholders in an offer
- February 16, 2023
Source of article: Business Times Writer credits: Tay Peck Gek For a long time, minority shareholders have publicly raised concerns that section 215 of the Singapore Companies Act has been used as a blunt instrument to compel dissenting minority shareholders to accept a lowball offer by controlling management shareholders who propose to privatise and delist…