Press Statement: LTC Corp Delisting Saga

Date: November 16, 2018

Investors are naturally confused as the new proposal by SGX is preliminary and only open for consultation. It is not in force yet. The fact is, the rights of shareholders, presently in this instance, fall under the current rules.

The offeror is intending to delist LTC Corp from SGX and the offer price exceeds the traded price since 2000; is at a 49.4% premium to the VWAP of the shares for the twelve-month period up until the offer and also 1.2% premium VWAP of the shares for the one-month period up the offer. In addition, the IFA has also opined that the exit offer is fair and reasonable and is not prejudicial to the interests of the company and its independent shareholders. SIAS welcomes minority shareholders to express their concerns, if any, and SIAS will be happy to reach out to the company for a meeting to address their concerns.


David Gerald
Founder, President & CEO
Securities Investors Association (Singapore)