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Oceanus^0.005-
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News - Detailed News Story

Fabchem China's general offer closes on May 3

08 Apr 2019 09:00

By Vivienne Tay

vtay@sph.com.sg

FABCHEM China shareholders will have until the business close of May 3 to accept a S$0.158 per share mandatory conditional general offer by Singapore businessman Henry Wee for all the shares he does not already control, according to an offer document sent out on Friday.

The offer is conditional upon offering vehicle Triple Vision obtaining a majority control of the explosives maker. Triple Vision, which is owned by Mr Wee, currently holds a 39.55 per cent stake in Fabchem China.

Fabchem China's independent directors will appoint an independent financial adviser and their recommendations will be sent to shareholders within 14 days.


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Source: Business Times
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