TLW Success declares unconditional its offer to take Singapore Medical Group private

It has received valid acceptances amounting to 444,653,291 shares.

TLW Success has declared its offer to acquire all the issued and paid-up ordinary shares in Singapore Medical Group (SMG) "unconditional in all respects.”

Ernst & Young Corporate Finance (EYCF), on behalf of TLW Success, said the company received valid acceptances amounting to 444,653,291 shares, representing 91.421% of SMG’s total number of issued shares and 90.004% of the maximum potential number of issued shares.

TLW Success’ offer will remain open for acceptance for no less than 14 days after the date on which the Offer would otherwise have closed, said EYCF

"Accordingly, the offer will remain open for acceptance until 5:30 p.m. (Singapore time) on 19 December 2022," EYCF added.