Dec 03, 2021 06:39 AM

BUSINESS

Razer Founder’s Group Offers $1.38 Billion Buyout

By Wei Yiyang and Denise Jia

Razer CEO Tan Min-Liang and nonexecutive director Lim Kaling strike a gong during the company’s listing ceremony at the Hong Kong Stock Exchange Nov. 13, 2017.

Razer CEO Tan Min-Liang and nonexecutive director Lim Kaling strike a gong during the company’s listing ceremony at the Hong Kong Stock Exchange Nov. 13, 2017.

A group led by executives of Singapore gaming hardware maker Razer Inc. proposed to take the Hong Kong-traded company private, the company said Thursday.

Founder, Chairman and CEO Tan Min-Liang and nonexecutive director Lim Kaling, who together own around 57% of the company, teamed with private equity firm CVC Capital Partners to offer as much as HK$10.79 billion ($1.38 billion) for the remaining shares, according to a regulatory filing.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: 15 Natural Wonders of China

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin China Biz Roundup: Shanghai Has a Plan to End Lockdowns in June

MOST POPULAR

1: China-Developed C919 Jet to Cost Twice the Expected Price, Filing Shows

2: China Says It Will ‘Strictly Restrict’ People From Entering or Leaving the Country

3: Weekend Long Read: The Free Market Isn’t to Blame for Shanghai’s Lockdown Woes

4: BioNTech’s Covid Vaccine Safety Trial in China Completed Four Months Ago, Registry Shows

5: Opinion: How Singapore Could Outperform Shanghai, Hong Kong to Become Asia’s Financial Center

SPONSORED

OR