SRS Auto Holdings’ voluntary cash conditional offer to privatise precision engineering company Allied Technologies has turned unconditional in all respects, according to a bourse filing late on Tuesday (Sep 6).

PRIVATE car rental and motor financing company SRS Auto Holdings has sweetened its offer price for Allied Technologies from S$0.0088 to S$0.011 per share, it announced on Wednesday (Aug 3) after trading hours.

Independent financial adviser (IFA) Xandar Capital has deemed the acquisition offer for Allied Technologies by SRS Auto Holdings not fair and not reasonable.

THE shareholders of Allied Technologies have voted to boot out the company’s independent non-executive chairman and its chief executive, and replaced them with 3 freshly elected directors.

ALLIED Technologies has appointed Xandar Capital as the independent financial adviser (IFA) to provide a recommendation to shareholders on the acquisition offer from SRS Auto Holdings.

EMBATTLED Allied Tech is set to convene an extraordinary general meeting (EGM) on Jul 13, in response to a requisition notice from 2 shareholders to oust the CEO and chairman as directors.

Private car rental and motor financing company SRS Auto Holdings has made a privatisation offer of S$0.0088 per share in cash for metal stamping manufacturer Allied Technologies.

According to Allied Technologies’ announcement on June 18, a group of 21 shareholders have agreed to sell their shares to SRS Auto, whose sole director is one Tan Yew Kiat.These shareholders, including executive director Kenneth Low Si Ren, hold 42.71% of the shares in total.Last April, Low was na...

ALLIED Technologies has received 2 letters dated May 9 from existing shareholder Lin Tah Hwa and executive director Kenneth Low to convene one or more extraordinary general meetings (EGMs) for several board changes.

SHAREHOLDER approval should have been sought for Allied Technologies' disposal of its 2 China subsidiaries, the Singapore Exchange Regulation (SGX RegCo) said late on Wednesday (Apr 6).

A SPECIAL audit of developments surrounding missing funds at Catalist-listed Allied Technologies has found that the version of events told by Jeffrey Ong, the lawyer charged with cheating and other offences in the case, appear to be "plausible explanations" for the gaps in the stor...

SHAREHOLDER approval should have been sought for Allied Technologies' disposal of its 2 China subsidiaries, the Singapore Exchange Regulation (SGX RegCo) said late on Wednesday (Apr 6).

A SPECIAL audit of developments surrounding missing funds at Catalist-listed Allied Technologies has found that the version of events told by Jeffrey Ong, the former lawyer charged with cheating and other offences in the case, appear to be "plausible explanations" for the gaps in t...

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Allied Technologies exec...

ALLIED Technologies on Monday said it received several queries from the Singapore Exchange Regulation (SGX RegCo) on Saturday regarding executive director Kenneth Low.