E21, through United Overseas Bank (SGX:U11), exercised its right of compulsory acquisition to acquire shares of dissenting shareholders of Silverlake Axis (SGX:5CP), according to a filing with the Singapore Exchange on Thursday.
The shares will be acquired at either SG$0.3564 in cash per share or a combination of SG$0.2964 in cash and one new redeemable preference share of E21 per share.
Following the payment of the consideration to dissenting shareholders, the company will register the offeror as the holder of those shares.
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