Auric takeover acceptances cross 90%, closing date extended

ACCEPTANCES for a takeover for Sunshine bread maker Auric Pacific have crossed the 90 per cent mark.

RHB Securities Singapore, acting on behalf of offeror Silver Creek Capital, said the offer of S$1.65 a share has become unconditional in all respects, meaning it will go through without any further conditions.

The closing date of the offer has been extended to April 7. The closing date is final. There will be no compulsory acquisition right and no put right by shareholders to demand the offeror to acquire their shares, RHB said.