Mohamed Salleh and his family are looking to take the company private at S$0.30 per share
SHARES of Second Chance Properties rose as much as 39.5 per cent at Thursday’s (Jul 11) open after the counter resumed trading, as investors digested the founder’s bid to take the company private.
On Wednesday, Mohamed Salleh, the founder and chief executive of Second Chance, and his family made a voluntary unconditional offer of S$0.30 per share in cash to take the group private.
Second Chance’s shares jumped 39.5 per cent or S$0.085 to the offer price of S$0.30 right when the market opened after a trading halt was lifted. By 9.36 am, the counter was trading 37.2 per cent or S$0.08 higher at S$0.295, with 346,600 shares changing hands.
