A FEW investors in Allgreen Properties may have unwittingly got themselves into a no-win deal by buying shares in the group at $1.60 apiece or more, when it has become almost certain that the group will be bought over at $1.60 a share.
SINGAPORE: The Straits Times Index closed up 0.18 per cent, or 5.56 points, at 3,118.65.
Allgreen Properties, the developer to be taken private by Malaysian businessman Robert Kuok, rose 1.3 per cent to S$1.61, extending gains to 40 per cent...
THE Straits Times Index fell 0.4 per cent to 3,083.13 at the close.
Shares on the measure trade at an average 15.1 times estimated earnings, compared with about 17.4 times at the beginning of the year.
Among the most active in the market were...
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