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Sim Lian offer turns unconditional
Published Tue, Sep 6, 2016 · 09:50 PM
Singapore
THE offer to take Sim Lian Group private has turned unconditional and trading of shares in the construction and property group is headed for suspension after the final closing date on Oct 10.
In a late night announcement on Monday, offeror Coronation 3G said that it had garnered a stake of 90.1 per cent in Sim Lian as at 5pm that day. Coronation 3G is the vehicle through which the Kuik family led by Sim Lian founder and executive chairman Kuik Ah Han has made the privatisation offer.
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