DRC Investments offered to acquire Amara for SGD514.6m.

DRC Investments offered to acquire Amara, an integrated lifestyle group engaged in hotel and property investment and management and specialty restaurants and food services, for SGD514.6m. “Our offer presents Amara Shareholders with an opportunity to realise their investment at an attractive price and premium over the historical traded share prices. At a 27% premium over Amara’s last traded price, we believe it is a compelling offer, especially in the face of macroeconomic uncertainties and the low trading liquidity of Amara’s Shares,” Eugene Teo, Shorea Capital Co-Founder and CEO.