BreadTalk Group chairman and founder George Quek is looking to delist from the Singapore Exchange (SGX) in the latest development of an unfolding saga surrounding the home-grown brand after its dismal financial report on Monday.

Dr Quek is making a voluntary cash offer to buy back all of the issued ordinary shares at 77 cents a piece through BTG Holding, which he owns with his wife Katherine Lee and Minor International, a hospitality and leisure company listed in Thailand.