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20-09-2021, 07:50 AM
The Edge Singapore Published on Mon, Sep 20, 2021 / 12:29 AM GMT+8 / Updated 7 hours ago
A group of investors led by Teo Hong Lim, chairman and CEO of Roxy-Pacific Holdings, is offering to buy out other shareholders at 48.5 cents.
The consortium of 11 investors already control or has secured in between them 76.44% of the shares.
They intend to privatise the company, which is valued at $623.4 million based on the 48.5 cents offer price.
The offer price, at 19.8% premium over the last traded price on Sept 14, is final and will not be revised.
As at June 30, the company’s net asset value was 37.33 cents per share, up from 36.97 cents as at Dec 30 2020.
https://www.theedgesingapore.com/news/co...se-company
A group of investors led by Teo Hong Lim, chairman and CEO of Roxy-Pacific Holdings, is offering to buy out other shareholders at 48.5 cents.
The consortium of 11 investors already control or has secured in between them 76.44% of the shares.
They intend to privatise the company, which is valued at $623.4 million based on the 48.5 cents offer price.
The offer price, at 19.8% premium over the last traded price on Sept 14, is final and will not be revised.
As at June 30, the company’s net asset value was 37.33 cents per share, up from 36.97 cents as at Dec 30 2020.
https://www.theedgesingapore.com/news/co...se-company
