SUBSCRIBERS
Businessman makes offer for Blumont at 80% discount
Add BT as a preferred sourcePublished Mon, Nov 16, 2020 · 09:50 PM
Singapore
BUSINESSMAN Mark Wee Liang Yee has triggered a mandatory unconditional cash offer to buy out Blumont Group after acquiring from Ultimate Horizon a 50.8 per cent stake in the company.
The transaction was done through the purchase of some 14 billion shares at S$0.0004 each. As a result, it is making a similar offer for the shares it does not already own at the same price.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
