Dubai’s Emaar Properties makes unconditional cash offer for RSH

Global real estate giant Emaar Properties is making a mandatory unconditional cash offer for all the shares in Singapore-listed RSH. Dubai-based Emaar has offered S$0.77 for each of the remaining shares of RSH that it does not own. The offer was triggered after Emaar acquired debt from Golden Ace – a joint venture between Emaar and India's MGF Group. Golden Ace, which is 30 per cent-owned by Emaar,...

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