Hot stock: OSIM seeks trading halt

OSIM International has requested for an immediate halt in the trading of its shares pending an announcement.

The lifestyle products group known for its upmarket massage chairs is in the midst of a privatisation bid by its founder Ron Sim. Mr Sim has offered S$1.32 a share to buy all the remaining 30.75 per cent stake in the company that he and his family do not already own.

Before the halt, the shares were trading at around S$1.355 each, down S$0.015, or 1.095 per cent. More than 1.7 million shares were traded.