Benedict Chen Onn Meng, the offeror in VibroPower Corporation's (SGX:5VD) mandatory conditional cash offer, has increased their stake in the company, according to a Wednesday filing on the Singapore Exchange.
The bidder received acceptances for 1.5 million shares, or 2.09% of VibroPower's issued share capital, and 1.2 million warrants, representing 16.12% of total outstanding capital.
With concert party holdings, Benedict Chen Onn Meng now controls 52.06% of shares and 68.03% of warrants.
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