Corporate digest

TIH Limited

TIH Limited - the subject of a takeover that values the fund at more than S$60 million - on Thursday flagged the uncertain impact that the ongoing legal dispute over its Mitsui Life Insurance stake would have on its net asset value (NAV). The offer price of S$0.57 for each share represents a premium of about 9.6 per cent to the referred NAV.

This NAV does not include the contingent benefit that TIH may realise if it wins the lawsuit related to an investment in Mitsui Life Insurance. It said there is no certainty over its odds of winning, or on the final amount to be awarded to TIH.