Dominus Capital's acquisition of Koufu Group has become unconditional
Dominus Capital right $Koufu (VL6.SG)$ The takeover offer became unconditional on Thursday, after the offeror had accumulated 90.12% of the total number of issued shares worth approximately 498.3 million.
According to the Thursday Exchange, as of Thursday, January 27, the total shares owned, controlled or agreed to be acquired by the offender and its concerted actors accounted for 90.13% of the total shares.
Furthermore, as the public shareholding ratio fell below 10%, Koufu Group lost its free circulation status. As a result, the Singapore Exchange will suspend the company's trading at the end of the offer.
The offer ends on February 23.
The coffee shop operator received a voluntary conditional offer from Dominus Capital in December 2021 to privatize the company, an investment company incorporated by Koufu CEO Pang Lim and his executive director Ng Hoon Tien.
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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