Penguin International

PENGUIN CHAIRMAN, MD IN TIE UP WITH DYMON ASIA FUND TO TAKE FIRM PRIVATE

July 20, 2021

PENGUIN International on Thursday said a consortium comprising its executive chairman, managing director and a Dymon Asia fund intends to take the company private at S$0.65 per share.

The offer price represents a premium of 30 per cent over the last transacted price per share of S$0.50 on Dec 18, 2020 – the day Penguin announced a possible transaction involving its shares, it said in a bourse filing.

It also represents a premium of about 35.7 per cent, 42.5 per cent, 44.4 per cent and 17.5 per cent over the volume-weighted average price per share for the one-month, three-month, six-month and 12-month periods, respectively.

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