Sinomem announced over the weekend that it had received a voluntary conditional cash offer to buy all its shares at S$0.70 from Clean Water Investment Ltd. Please read the Voluntary Conditional Cash Offer document. This offer is a 28.4% premium to its pre-offer price of S$0.545.
The key condition is that the Offer must secure 90% of the issued shares of Sinomem see 2.4.
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