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

Felicia Tan
Felicia Tan4/19/2021 11:38 PM GMT+08  • 2 min read
Neo Group privatisation offer turns unconditional receiving over 90% of valid acceptances
The closing date for the offer is now extended to 5.30pm on May 25.
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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

As at 6pm on the same day, the offeror, Forestt Investment, has received valid acceptances of about 134.3 million shares representing 91.6% of the total number of issued shares.

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