Fabchem China's general offer closes on May 3
Add BT as a preferred source
Vivienne Tay
Singapore
FABCHEM China shareholders will have until the business close of May 3 to accept a S$0.158 per share mandatory conditional general offer by Singapore businessman Henry Wee for all the shares he does not already control, according to an offer document sent out on Friday.
The offer is conditional upon offering vehicle Triple Vision obtaining a majority control of the explosives maker. Triple Vision, which is owned by Mr Wee, currently holds a 39.55 per cent stake in Fabchem China.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Is it time to scrap COE categories for cars?
