OSIM buying errors leave some to count the cost
Mistake pushed bid up, upsetting some who sold below this price last Tuesday
Add BT as a preferred source
Singapore
SHARES of lifestyle products group OSIM International went up two cents to S$1.39 on Monday to match a raised offer but an apparent blunder in founder Ron Sim's takeover bid process has left a bad taste in some investors' mouths.
The stock opened and closed at that level on Monday with 19.7 million shares traded after Credit Suisse (CS), which is acting for Mr Sim in his bid to take the company private, said in a bourse filing late on Friday night last week that Mr Sim's final offer would be raised.
TRENDING NOW
OUE Reit selling Crowne Plaza Changi Airport for S$500 million; unitholders to get special payout
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Singapore releases Economic Strategy Review Final Report with more detailed proposals
Frasers Property proposes S$2.1 billion restructuring of hospitality portfolio
