, Singapore

Small but terrible: Minority shareholders resist cheap delisting deals

Valuations are incredibly low.

Cheap privatisation offers no longer work with minority shareholders in Singapore, according to a report by Reuters. The report noted that managements are increasingly being forced to pay up as minority investors demand bigger premiums due to depressed market valuations.

With almost 300 small- and micro-cap companies currently trading on average at half the valuations of Asia-Pacific, founders of several firms have lined up plans to take the companies private, analysts say.

"People have been able to look at cash-rich listed corporates acquiring and say 'hang on, you can afford to pay more'," said David Smith, head of corporate governance at Aberdeen Asset Management Asia. "You'll probably see more of this.".

Read the full report here

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.