The Business Times
business-time-50

OSIM suspends share trading as Ron Sim's stake reaches 96% at close of offer

google-preferred-sourceAdd BT as a preferred source
Published Mon, May 23, 2016 · 12:20 AM

    OSIM International has suspended the trading of its shares after founder and chief executive Ron Sim raised his stake to 96.03 per cent at the close of his privatisation offer.

    Mr Sim had offered S$1.39 per share for the massage chair retailer's shares. His current stake allows him to compulsorily acquire the rest of the shares that he does not already own, and Mr Sim has said that he will exercise his right to do so.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More