New investors buying out Jasper Investment (Amended)

Singapore

TWO new majority investors have launched a bid to buy out the remaining shares in Jasper Investment after taking a controlling stake of over 80 per cent in the vessel management and operations outfit through a S$1.25 million share purchase deal.

Triton No 9 Pte Ltd and Polaris Nine LLP have concluded a sale and purchase agreement to absorb 80.77 per cent of Jasper Investment from Morton Bay Pte Ltd. The acquisition deal valued shares in Jasper at S$0.0004.

Triton and Polaris are extending a mandatory offer to purchase the interests held by the minority shareholders of Jasper at the same price of S$0.0004 per share. Shares in the coun…