Advanced Integrated Manufacturing founder proposed $0.21 per share delisting offer
It represents a 22.8% premium.
Advanced Integrated Manufacturing Corp (AIM)'s founder Tan Kim Yong has offered privatizing the firm at $0.21 apiece, 11 years after it was listed on the mainboard.
The offer price represents a 22.8% premium to the last traded price of the stock on Nov 16 prior to trading halt, and a 20.7% premium to the one-month volume weighted average price.
Tan, who serves as chairman and CEO, has 81.03% interest in the company.