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Major shareholder makes exit offer for Gems TV

Offer of 0.408 cents per share matches NTA per share as at March 31

THE major shareholder of suspended Gems TV Holdings is offering 0.408 cents per share to delist the former TV retailer, a month after a planned reverse takeover fell through. Gems' executive chairman Jason Choo, through his private vehicle Mounting Holdings, priced his offer to match the 0.324