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Property developer SingHaiyi receives privatisation offer from major shareholders, Companies & Markets News & Top Stories

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Property developer SingHaiyi receives privatisation offer from major shareholders, Companies & Markets News & Top Stories

SINGAPORE – Shares of developer SingHaiyi Group shot up on Wednesday (Nov 10) following a privatisation offer from billionaire Gordan Tang and his wife Celine.

The stock closed up almost 10 per cent to 11.8 cents – its highest since February 2017 – with 58 million shares changing hands.

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