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TalkMed to delist from SGX on Sep 15

TalkMed to delist from SGX on Sep 15

By Swedan Margen

Fashion

Healthcare provider TalkMed announced on Thursday (Sep 11) that it will be delisted from the Singapore Exchange from 9 am on Sep 15.

This follows confirmation from TW Troy Limited, a special-purpose vehicle managed by healthcare group Tamarind Health, that it had completed payment of the scheme consideration to TalkMed shareholders on Thursday.

TW Troy had earlier offered to privatise the mainboard-listed company via a scheme of arrangement at S$0.456 per share.

The proposed acquisition received clearance from the Competition and Consumer Commission of Singapore on Jun 27. TalkMed shareholders subsequently approved the scheme resolution at an extraordinary general meeting in July, with approximately 89.1 per cent of those present voting in favour of the privatisation offer.

Trading of TalkMed’s shares was suspended on Aug 22, at 9 am; the shares last closed at S$0.455 on Aug 21.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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