Investors on hunt for takeover candidates in Singapore

If stocks continue to be in doldrums, then probability of them being privatised is higher: Investor

With more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling shareholders or takeover firms.

“Investors are looking for takeover candidates because prices have come off significantly,” said Justin Tang, a director of global special situations at Religare Capital Markets in Singapore. “We may see an increase in delistings and takeovers this year because of this.”

Global Logistic Properties, a warehouse operator, is among companies targeted for takeover by firms including Blackstone Group LP, Warburg Pincus and Hopu