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.
102853440 : Means Koufu will buy back all outstanding shares at 0.77?
102286982 OP : Yes, at 0.77.
102636585 : When is the deadline for them to buy back and give us the money ?
102946129 102636585 : did you receive back your money?
102286982 OP : Ya, I have received it for the shares I hold with CDP