South Korean shipowner Pan Ocean has announced plans to delist its shares from the Singapore Exchange (SGX).
The company said it will offer to buy up shares at SGD 8.70 ($6.56) each, which is an 8.75% premium to the last transacted price of the shares on the last day of trading before the offer was made.
Pan Ocean said the delisting is not a take-private exercise as the company intends to maintain its primary listing on the Korea Exchange (KRX).
