BreadTalk looking to delist from SGX after $8.1m Q4 loss

BreadTalk looking to delist from SGX after $8.1m Q4 loss

The New Paper - Singapore·2020-02-26 06:00

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.

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