Neo Group Ltd (SGX: 5UJ), which owns brands such as the eponymous Neo Garden, Deli Hub, and Orange Clove, may no longer be a listed company.
Forestt Investment is looking to acquire all the shares in Neo Group and eventually privatise the company.
Here’s what investors should know about the announcement by Singapore’s number 1 events catering company.
TL;DR: What Neo Group’s Privatisation Offer Means for Investors
Key highlights from the announcement:
- Forestt Investment is making a voluntary conditional cash offer for Neo Group’s shares at S$0.60 per share, a 20% premium over the closing share price on 29 March.
- Forestt Investment is an investment holding company owned by Neo Kah Kiat and Liew Oi Peng.