OSIM hits 4-month high on privatisation news

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.