Singapore's Challenger Tech gets take-private offer from Dymon Asia

A logo of the Singapore Stock Exchange (SGX) is pictured outside its premises in the financial district of Singapore April 23, 2014. REUTERS/Edgar Su/Files

Singaporean electronic retailer Challenger Technologies has received a take-private offer from Digileap Capital, a partnership between the founding Loo family and Dymon Asia Private Equity.

The private equity firm-backed group has made a cash exit offer for all of its shares at S$0.56 per share ($0.42 per share).  Based on the total shares outstanding as of December 31, 2018 at 345,207,961, the S$0.56 offer values the firm at around S$193.32 million ($143 million).

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