Corporate Digest

AVIC Intl Maritime Holdings

AVIC International Maritime Holdings Limited (AIMHL) said on Tuesday evening that China Merchants Industry Investment Limited intends to make a voluntary conditional cash offer for its shares at S$0.15, a 37.6 per cent premium over Tuesday's closing price of S$0.109.

The offer is subject to the successful completion of a conditional implementation agreement, which the offeror entered into on Tuesday to purchase a number of AIMHL shares.