Amara Holdings to delist on SGX

On 15 May, DRC Investments received valid acceptances of over 90%.

Amara Holdings has received approval from the Singapore Exchange to delist, according to a bourse filing by the group on 8 July.

On 28 April, the company received an offer from DRC Investments to take over the firm for $0.895 per share.

On 15 May, DRC Investments received valid acceptances of over 90%, and the offer was declared unconditional in all respects.

The company declared the loss of free float and submitted an application to the SGX for the approval of its delisting the following day.

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