This is a discussion on RSH to be delisted today within the Local & Foreign Issues forum, part of the Community Lounge category; RETAIL group RSH will be delisted from the Singapore Exchange (SGX) today after Malaysian businessman Syed Azmin bin Syed Nor ...
RETAIL group RSH will be delisted from the Singapore Exchange (SGX) today after Malaysian businessman Syed Azmin bin Syed Nor completes his takeover of the firm.
Mr Syed Azmin, who is the brother of Malaysian tycoon Syed Mokhtar Albukhary, has acquired all RSH shares he did not already own.
In a regulatory filing yesterday, RSH said it would be delisted as of 9am today following the 'completion of the compulsory acquisition exercise'.
Mr Syed Azmin is now set to take the company private and focus on expanding its operations further afield.
The firm, which is behind the Royal Sporting House chain and mid-priced labels such as Massimo Dutti, Mango, New Balance and Puma, went public a decade ago.
It was in the news in June when its Massimo Dutti store at Liat Towers was hit by flash floods, while some outlets in Bangkok were damaged during the anti-government riots earlier in the year.
RSH to be delisted today