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Lafe chairman's offer now unconditional; deadline extended to Oct 30

A general offer by Lafe Corp chairman Christopher Ho for all the shares he does not own is now unconditional after he received enough acceptances to cross a lowered hurdle.

Mr Ho, through vehicle Sino Capital Resources, obtained acceptances for his 90 Singapore cent-per-share offer that lifted his deemed control to 74.98 per cent of the property groups shares at Tuesday's market close.

The offer period will be extended to 5.30pm on Oct 30.

Mr Ho had initially set the conditionality hurdle at 90 per cent of the company's shares as he sought to take the company private. However, he lowered the threshold to 65 per cent on Oct 2.

sentifi.com

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