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The acquisition of Koufu Group by Dominus Capital has become unconditional.

Dominus Capital's acquisition of $Koufu (VL6.SG)$ turned unconditional on Thursday, with the offeror having accumulated valid acceptances equivalent to approximately 90.12% of the total issued share capital.

According to the exchange disclosure on Thursday, as of Thursday, January 27, the offeror and its concert parties collectively hold, control, or have agreed to acquire 90.13% of the total shares.

Furthermore, as the public shareholding falls below 10%, Koufu Group loses its free float status. Hence, the Singapore Exchange will suspend trading of the company at the conclusion of the offer.

The quote will expire on February 23.

The coffee shop operator received a voluntary conditional offer from Dominus Capital in December 2021, led by Koufu's CEO Pang Lim and its director Ng Hoon Tien through an investment company established for privatization of the company.
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