The mandatory cash offer made by Benedict Chen Onn Meng to acquire all the shares of VibroPower (SGX:BJD) has turned unconditional in all respects, according to a filing with the Singapore Exchange on Monday.
As of Dec. 16, the total number of shares owned, controlled or agreed to be acquired by the offeror and persons acting in concert with it, together with valid acceptances of the offer, represent about 50.03% of the total issued shares of VibroPower.
Similarly, the total number of warrants owned, controlled or agreed to be acquired by the offeror and persons acting in concert with it, together with valid acceptances of the offer, represent about 51.96% of the total number of outstanding warrants.
Accordingly, this has exceeded 50% of the voting rights of VibroPower, resulting in the offer becoming unconditional in all respects, the filing said.
VibroPower further stated that the closing date of the offer will not be extended and the offer will close on Jan. 9, 2025.
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