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
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
