OSIM hits 4-month high on privatisation news
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES in OSIM International staged another rally on Tuesday as trading resumed following founder Ron Sim's announcement of his intention to take the healthy-lifestyle products provider private with an offer of S$1.32 a share for the remaining 30.75 per cent stake he and his family do not own.
The stock hit an intra-day high of S$1.395 before settling at a four-month high of S$1.375, up 15 cents or 12.24 per cent. Some 15.2 million shares changed hands for the day, against a three-month average of below two million shares.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
