Singapore Windsor’s married deal triggered mandatory offer
Offer is at $0.18/share.
According to OSK, Singapore Windsor, a printed circuit board (PCB) manufacturer, announced this morning that its parent President Group had entered into an agreement to sell its 73.86% stakes (90.4m shares) of the company to Provenance Capital at a price of SGD0.18/share.
Here's more from OSK:
As such, Provenance Capital is now required to extend its offer to the rest of the share holders at the same price. Provenance Capital does not intend to increase the offer price in the future.