02 Oct 2017

Delisting Exit Offer for Rotary Engineering Limited

Partners Sandy Foo, Favian Tan and Associates Alina Tan, Ng Su Rong are acting for Rotary Engineering on its proposed voluntary delisting from Singapore and the exit offer by DBS Bank, for and on behalf of Orochem, for the shares in Rotary. Based on the exit offer price of S$0.46 (US$0.34) per share, the transaction values Rotary at approximately S$261 million (US$192 million).