CITIC PE offers $0.84 per share for Biosensors acquisition
The previous offer was $0.815 per share.
CITIC Private Equity Funds Management Co. (CITIC PE) is proposing an amalgamation between CB Medical Holdings Limited (CBMHL) and Biosensors International Group (BIG).
According to a report by OCBC, CBMHL revised their offer from $0.815 to $0.84 per share, or a share consideration relating to CB Cardio Holdings II Limited.
“On the basis of this revised offer price, the directors of the parties involved have determined that the amalgamation is in the best interests of their respective companies and have approved it,” said the report.