Corporate digest

Kingboard Copper Foil

THE buyout offer for Kingboard Copper Foil has closed, with the offeror group - Kingboard Laminates and Kingboard Holdings - now owning some 98.5 per cent of the shares issued, having obtained valid acceptances of the offer representing some 10.5 per cent of the shares issued. The company's shares have been suspended from trading since 9.00am on May 16, when their free float fell below 10 per cent.

The offer was S$0.60 in cash for each share, which the independent financial adviser (IFA) SooChow CSSD Capital Markets (Asia) had deemed "not fair but reasonable".