Penguin International looks set to be taken private following an offer by a consortium made up of senior management and a private equity firm.
Dymon Asia fund and Penguin chairman Jeffrey Hing have offered SGD 0.65 ($0.49) for the outstanding shares in the Singapore-listed shipbuilder.
The takeover price for the company is said to represent a premium of 30% over the last transacted share price on 18 December 2020.
