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Elidom to launch compulsory acquisition of CWG shares

Elidom Investment Co. Ltd.'s right to compulsory acquire all the CWG International Ltd. shares not tendered during the takeover period will be exercised on or after April 17.

The shares under the compulsory acquisition will be bought at 19.5 Singaporean cents apiece, the same amount as the takeover offer's, which is scheduled to close March 19. The compulsory acquisition was triggered when Elidom's bid for the Singaporean real estate group reached the 97.55% acceptance rate on March 8.

The offer was disclosed in December 2017, and will lead to the delisting of CWG International from the Singapore stock exchange.

As of March 16, US$1 was equivalent to S$1.32.