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Aspial, Fragrance tie up in offer for LCD Global

Bid price will be 33 or 30 Singapore cents per share depending on LCD's decision on a bond rights issue

Mindy Tan

Mindy Tan

Published Mon, Jan 12, 2015 · 09:50 PM
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Singapore

ASPIAL Corp and Fragrance Group, helmed by the Koh brothers, have joined forces to launch a cash offer for hospitality and property development player LCD Global Investments in what they say is a "viable exit alternative" for LCD shareholders.

Through a joint venture company AF Global, they intend to offer 33 Singapore cents per each LCD Global share, p…

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