Singapore

IN a move to take the sting out of a controversy stemming from share purchase errors on April 5, OSIM International founder Ron Sim is making a "goodwill" payment to shareholders who sold their shares that day at below the revised final ex-dividend offer price of S$1.39.

Affected shareholders will receive the difference between the transacted sale price for each share and the final ex-dividend offer price, Credit Suisse (Singapore) said on Monday on behalf of Vision Three Pte Ltd, the vehicle through which Mr Sim is making the bid to take the healthy-lifestyle products group private.