Shares & Derivatives
Sinomem receives voluntary conditional cash offer to buy all its shares at S$0.70…from Clean Water Investment Ltd….trading halt is lifted
By Kevin Scully-Financial Blog  •  March 7, 2011

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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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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