Baodi in mandatory cash offer for Techcomp

Singapore

BAODI International Investment has made a mandatory unconditional cash offer for shares in mainboard-listed scientific equipment supplier Techcomp (Holdings) held by minority shareholders after completing the acquisition of a 61.5 per cent stake in the latter.

This was triggered after Baodi completed on Aug 14 the acquisition of shares held by Techcomp's president, executive director and controlling shareholder Lo Yat Keung, Mr Lo's wife, Techcomp executive director Chan Wai Shing, and one Guo Bing.