$聯明集團 (L03.SG)$:聯明集團s controlling Ong family, through its investment holding company OSC Capital, has made a final offer consideration to take the company private at S$0.68 per share.
OSC Capital does not intend to revise its final offer, it said on Wednesday (May 3). The holding company is 51 per cent owned by Ong Pang Aik, who is also the chairperson of Lian Beng.
This came after OSC Capital made a privatisation offer of S$0.62 per share in April, which was less than half the group's net asset value of S$1.54 per share as at the end of November last year.