http://www.businesstimes.com.sg/companies-markets/global-logistic-gets-sgx-nod-aims-to-be-delisted-by-april-14-2018
GLP will delist next year. SGX has been losing quite a number of big clients because it is losing its competitiveness due to low liquidity. Low liquidity stock exchange will not yield a high valuation for a listing company.
SGX always attracts mid-size companies to list on its stock exchange while bigger ones prefer to list on HKEX and US stock exchanges.
https://sg.finance.yahoo.com/news/glp-predicted-privatise-april-2018-015500831.html
ReplyDeleteDelist price is about $3.4/share.