Company Briefs

Final offer for Kian Ho shares: 23.5 cents each

RAFFLES United yesterday issued its formal offer document, setting out the terms of its mandatory unconditional cash offer for all the Kian Ho Bearings shares it does not already own. On June 4, it had bought 73.2 million shares in the bearings distributor, boosting the stake of Raffles United and its concert parties to 52.65 per cent. The offer price is 23.5 cents per share - which is "final and will not be revised" - and will close at 5.30pm on July 17.

Pacific Radiance unit subscribes for shares