Kingboard's 3rd bid for Elec & Eltek is almost double last traded price

Singapore

HONG Kong-listed Kingboard is offering HK$18.07 per share, or US$2.33 at the current exchange rate, to take printed circuit board manufacturer Elec & Eltek International Holdings (E&E) private.

The offer price represents a 99.2 per cent premium to E&E's last transacted price of US$1.17 on March 24 on the Singapore bourse, and a 51.6 per cent premium to E&E's volume weighted average price over the last six months.