Interviews
Emaar-MGF bid for Singapore fashion retailer
05 Mar '07
2 min read
“Emaar Properties has embarked on a growth path through a two-pronged strategy of geographical expansion into diverse international markets and the development of new business segments, including retail, which is a strong component of that growth strategy.”
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Mr Mohamed Ali Alabbar, Chairman of both Emaar Properties and RSH, who holds approximately 25.968 percent of RSH, has undertaken not to accept the Offer. Taking that into consideration, the Offeror has to-date received sufficient acceptance undertakings to fulfill the Condition. It is the present intention of the Offeror to maintain the listing status of RSH on the SGX.
Click here to read more details:
Mr Mohamed Ali Alabbar, Chairman of both Emaar Properties and RSH, who holds approximately 25.968 percent of RSH, has undertaken not to accept the Offer. Taking that into consideration, the Offeror has to-date received sufficient acceptance undertakings to fulfill the Condition. It is the present intention of the Offeror to maintain the listing status of RSH on the SGX.
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