Amara Seeks To Go Private

I caught up with Amara CEO Albert Teo over coffee at his hotel’s Element Restaurant, a place that holds fond memories. He helped me organise my eldest child’s first birthday in the restaurant some years back.

Recently, Albert teamed up with PE fund Dymon Asia to privatise Amara at an offer price of S$0.60 per share, a substantial increase from its trading range last year.

If the privatisation bid succeeds, it would mark the end of Amara’s 26-year journey as a publicly listed company. We will know its fate in mid January.