A Pua Seck Guan-led consortium offered to acquire Perennial Real Estate, an integrated real estate and healthcare company headquartered in Singapore, for $1.1bn. The deal would result in the company being delisted. "Perennial will require a significant amount of capital to pursue its growth objectives in China through investments in large scale integrated development projects. The general decline in Perennial’s Share price has made it challenging to raise equity capital, compounded by the potential dilution to shareholders’ interests. Given this, Perennial has opted not to pursue equity fundraising over the past five years," Hopu.