PeakBayou Extends Offer for AMOS Amid Loss of Free Float

MT Newswires

2024/11/06

PrimePartners Corporate Finance, acting on behalf of PeakBayou, has extended the closing date for its voluntary unconditional general offer for all issued ordinary shares in AMOS Group (SGX:49B), according to a Tuesday filing on the Singapore Exchange.

The new deadline is set for 5:30 pm Singapore time on Nov. 21.

As of Nov. 5, PeakBayou, along with parties acting in concert, holds 91.06% of AMOS Group's shares following acceptances received.

PeakBayou intends to proceed with compulsory acquisition rights if valid acceptances exceed 90%, leading to a potential suspension of trading for AMOS Group due to a loss of free float.

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