Aspial, Fragrance tie up in offer for LCD Global
Bid price will be 33 or 30 Singapore cents per share depending on LCD's decision on a bond rights issue
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Mindy Tan
Singapore
ASPIAL Corp and Fragrance Group, helmed by the Koh brothers, have joined forces to launch a cash offer for hospitality and property development player LCD Global Investments in what they say is a "viable exit alternative" for LCD shareholders.
Through a joint venture company AF Global, they intend to offer 33 Singapore cents per each LCD Global share, provided that LCD announces before 6pm on Jan 14 that it will either cancel its bond rights issue or defer the lodgement of its offer information statement. The deferment has to be no earlier than one month from the close or lapse of the cash offer.
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