Patec has received valid acceptances for 223.1 million shares of Broadway Industrial Group (SGX:B69), or 48.8% of total shares, as of 6 pm on Dec. 20, according to a Friday filing on the Singapore Exchange.
Combined with its existing holdings, Patec now controls 91.9% of the company.
With the offer nearing completion, Patec does not intend to support restoring the public float or lifting a potential trading suspension of the target. Dissenting shareholders can require Patec to acquire their shares at the offer price.
The offer will close Dec. 23, 5:30 pm Singapore time.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。