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Home / News / Buyout

Neo Group privatisation offer turns unconditional receiving over 90% of valid acceptances

Buyout

Neo Group privatisation offer turns unconditional receiving over 90% of valid acceptances

Felicia Tan Published on Mon, Apr 19, 2021 / 11:38 PM GMT+8

A-

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The offer to take Neo Group private by its founder and chairman Neo Kah Kiat and his wife Liew Oi Peng has become unconditional in all aspects after the pair gained over 90% of the voting rights attributable to the total number of issued shares in the company on April 19.

See: Neo Group founder to privatise company at 60 cents per share

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