Back 18 Jul 2025

Amara Holdings Becomes Wholly-Owned by DRC Investments; Delisting Set for 21 July 2025

Link: https://links.sgx.com/1.0.0/corporate-announcements/AEJBAO433FABYU56/1072d5b582bfa014bae5ec2c8926115de4d7b855ee73e93a808e8e3a063181bb

Summary:

  • Offer Completion: DRC Investments Pte. Ltd., through UOB, has completed the compulsory acquisition of all remaining shares in Amara Holdings Limited.

  • Legal Basis: Acquisition exercised under Section 215(1) of the Singapore Companies Act.

  • Full Ownership: Amara is now a wholly-owned subsidiary of DRC Investments.

  • Delisting Date: Shares will be delisted from SGX Mainboard on 21 July 2025 at 9:00 a.m.

  • Payment Status: Payment has been sent to all dissenting shareholders whose shares were compulsorily acquired.

  • Background:

    • Offer was launched on 28 April 2025 and declared unconditional on 15 May 2025.

    • SGX-ST approved the delisting on 8 July 2025.

  • Investor Advisory: For queries, shareholders may contact the UOB helpline at (65) 6539 7066 during office hours.