Falcon Energy now majority shareholder of CH Offshore

Published Wed, Feb 18, 2015 · 09:50 PM

    Singapore

    SGX-LISTED Falcon Energy is now a majority shareholder of CH Offshore.

    The company announced on Singapore Exchange on Wednesday that its wholly owned subsidiary Energian now owns more than 50 per cent of CH shares.

    In its note, Falcon explained that as stated in the unconditional offer announcement dated 11 Feb: i) it has received valid acceptances of the offer for 233.7 million shares, representing approximately 33.15 per cent of the total number of issued CH shares; ii) it has acquired by way of open-market purchases on the SGX-ST an aggregate of 117,800 offer shares, representing approximately 0.02 per cent of the total number of issued CH shares; and iii) it owned, controlled or has agreed to acquire an aggregate of 439 million CH shares, representing approximately 62.27 per cent of the total number of issued CH shares.