Retail group RSH is expected to be delisted from the Singapore Exchange (SGX) today, after Syed Azmin bin Syed Nor, a Malaysian businessman, completes his takeover of the company.
Mr. Syed Azmin, brother of Malaysian businessman Syed Mokhtar Albukhary, has purchased all RSH shares he did not previously own.
RSH said in its regulatory filing that it would be delisted today after the “completion of the compulsory acquisition exercise.”
Mr Syed Azmin is now set to take the firm private and expand its operations further. The company, which owns the Royal Sporting House chain and mid-priced brands like New Balance, Puma, Mango and Massimo Dutti, went public a decade ago.