Mandarin Oriental delists from SGX after Jardine buyout
The move follows as the Jardine Matheson subsidiary settles the final 11.96% stake.
Mandarin Oriental International’s listing on the Singapore Exchange (SGX) has been cancelled following the completion of a cash acquisition by Jardine Strategic Limited, a wholly owned subsidiary of Jardine Matheson Holdings.
Jardine acquired the remaining 11.96% stake in Mandarin Oriental that it did not already own, according to a bourse filing dated 20 January. The deal was completed on 19 January.
Meanwhile, listings on the London Stock Exchange, the UK Financial Conduct Authority’s Official List, and the Bermuda Stock Exchange were also cancelled.
The transaction was implemented through a scheme of arrangement under the Bermuda Companies Act.