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OSIM offeror, advisers in breach over errant purchases (Amended)

But they are spared further action by SIC because of prompt remedial measures and compensation to shareholders

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The Securities Industry Council (SIC) has found the offeror which took OSIM International private this year in breach of a note in the Singapore Code on Takeovers and Mergers.

Singapore

THE Securities Industry Council (SIC) has found the offeror which took OSIM International private this year in breach of a note in the Singapore Code on Takeovers and Mergers.

The breach stemmed from erroneous purchases of shares in the lifestyle products group in April

sentifi.com

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