OTS (SGX:OTS) said its controlling shareholder offered to buy shares it does not already own for SG$0.17 apiece in cash, according to a Tuesday filing with the Singapore bourse.
The offeror, BCS Development, already owns a 75.67% stake in the meat products company.
BCS cited low trading liquidity and the cost of maintaining a listing as reasons for making the offer.
The proposal would take OTS private and delist it from the Singaporean exchange's Catalist board.
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