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Offer for LCD Global turns unconditional

This follows the acceptance of the bid by the company's largest shareholder JTrust Asia

Singapore

A CASH offer from Aspial Corp and Fragrance Group for LCD Global Investments has turned unconditional, after LCD's largest shareholder JTrust Asia agreed to accept the bid.

The latest decision by JTrust Asia to cash out of its 29.5 per cent stake in LCD marked an about-turn from its earlier intentions to expand LCD's real estate and amusement business, and to promote the property fund management business at LCD.

As at Feb 3, AF Global - the joint venture vehicle of Aspial Corp and Fragrance...

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