Independent journal on economy and transport policy
01:39 GMT+2
IMC shareholders support delisting
(Hong Kong iMail)
April 19, 2002
By Keith Wallis
SHIPPING magnate Frederick Chavalit Tsao won overwhelming support yesterday to privatise IMC Holdings, after shareholders voted overwhelmingly in favour of delisting it from the Hong Kong and Singapore stock exchanges on May 7.
Tsao's company, IMC Pan Asia Alliance, offered HK$1.60 in cash for each share, a 6 per cent premium over its HK$1.51 ...... Read more on Hong Kong iMail
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