Shares & Derivatives
OSIM’s Ron Sim Raises Privatisation Offer to $1.39 a Share
By The Fifth Person  •  April 6, 2016
OSIM International’s Chairman and CEO, Ron Sim, has raised his offer to buy the remaining 30.75% stake in the company he and his family do not own to $1.39 a share from $1.32 a share. The final offer price represents a premium of about 38.8% and 40.6% to the volume-weighted average price a share for the corresponding one-month and three month periods up to and including Feb 29, 2016, respectively. Shareholders who accept the offer will receive an amount that will be adjusted to reflect whether they have received the FY2015 final dividend of two cents a share, with effect from April 6, 2016, which is the books closure date. Shareholders who do not receive the FY2015 final dividend will receive $1.39 a share. Those who receive the FY2015 final dividend will receive $1.37 a share, which is the final offer price less the FY2015 final dividend. OCBC Investment Research recommends that shareholders accept OSIM International founder and CEO Ron ......
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance