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Aztech founder Michael Mun seeks Delisting with S$0.42 offer price

aztech founder offers to delistpic1a
 
Singapore - Aztech Group founder, CEO and Chairman, Michael Mun Hong Yew, has offered to buyout the remaining shareholders of his company with an offer price of S$0.42.
 
BOD Michael Mun
 
From a simple PC maker founded in 1986, he has transformed Aztech over the years into a diversified group of businesses covering electronics, marine logistics and F&B(Food and Beverage).
 
As there has been very low trading volume in Aztech shares, averaging 12,517 per day over the past 12 months, Michael Mun has decided to delist his company for greater management flexibility.
 
Delisting also saves the company about S$200,000 to S$300,000 in annual listing fees payable to SGX.  

Generally, in a strong bull market, we get to see more public listings as companies can sell their shares to the public at a higher price while in a bear or side-ways market there are more delistings.
 
Delisted companies may sometimes list again when the good times return - human herds always prefer to end in a bang.
 
aztech founder offers to delistpic1a
 

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