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28-06-2019, 07:33 PM
Hercules Pte. Ltd. announces voluntary conditional cash offer for Hupsteel Limited
Highlights :
* Offer Price of S$1.20 per Offer Share, which represents a premium of approximately 58.60% over the VWAP per Share for the three (3)-month period
* The Shares have not been transacted on the SGX-ST at or above the Offer Price since May 2013
* Offer Price is final; the Offeror does not intend to revise the Offer Price
* Offer presents shareholders with a compelling cash exit opportunity to liquidate and realise their investment in the Shares at a premium to the prevailing market prices
* The Offeror has secured irrevocable undertakings representing 54.16% of the total number of Shares.
Hercules Pte. Ltd. has today launched a voluntary conditional cash offer for all of the issued and paid-up ordinary shares in the capital of Hupsteel Limited, other than any Shares held in treasury and those Shares held, directly or indirectly, by the Offeror.
The Offeror is the bid vehicle for the Consortium Members which comprises members of the Lim family.
More details in https://links.sgx.com/FileOpen/Hercules%...eID=565323
Highlights :
* Offer Price of S$1.20 per Offer Share, which represents a premium of approximately 58.60% over the VWAP per Share for the three (3)-month period
* The Shares have not been transacted on the SGX-ST at or above the Offer Price since May 2013
* Offer Price is final; the Offeror does not intend to revise the Offer Price
* Offer presents shareholders with a compelling cash exit opportunity to liquidate and realise their investment in the Shares at a premium to the prevailing market prices
* The Offeror has secured irrevocable undertakings representing 54.16% of the total number of Shares.
Hercules Pte. Ltd. has today launched a voluntary conditional cash offer for all of the issued and paid-up ordinary shares in the capital of Hupsteel Limited, other than any Shares held in treasury and those Shares held, directly or indirectly, by the Offeror.
The Offeror is the bid vehicle for the Consortium Members which comprises members of the Lim family.
More details in https://links.sgx.com/FileOpen/Hercules%...eID=565323
Specuvestor: Asset - Business - Structure.