Fairfax Asia Ltd, a subsidiary of Canadian listed Fairfax Financial Holdings Ltd, has made a takeover offer to privatise Singapore Reinsurance Corp Ltd, a general reinsurance underwriter listed in Singapore.
Fairfax Asia intends to make a voluntary conditional cash offer for all the issued and paid-up ordinary shares in the capital of Singapore Reinsurance for S$0.3535 in cash, according to a regulatory filing dated March 20.
Singapore Reinsurance, incorporated in Singapore on Jan 3, 1973, listed on the Main Board of the Singapore Exchange Securities Trading Ltd (SGXST) in 1987.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
