SINGAPORE (Oct 30): Cityneon Holdings has received a $1.30/share cash offer from executive chairman Ron Tan and Hongkong entrepreneur Johnson Ko Chun Shun to bring the company private.

West Knighton, a special purpose vehicle owned by Ko and Tan, launched a mandatory unconditional cash offer for the rest of the shares after on Monday purchasing an 68.95% stake in Cityneon from Lucrum 1 Investment at $1.30 per share for $219.3 million.

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