Posted by Kevin Scully
China Animal Healthcare shares hit a recent high of S$0.29 yesterday. There is still no firm announcement on its possible delisting although its 10 April 2013 announcement on a fund raising exercise with Lily Nederland Holdings BV for S$120mn provides the much needed funds for the exercise.
The subscription price for the new shares and warrants is S$0.30 which is also the indicative exit offer price of China Animal of S$0.30 should it decide to proceed with its delisting plans. Given that these plans are now likely to proceed with the requisite funding now in place, and with the exit price just 3.44% higher ...
