Yao Hsiao Tung, chairman of Hi-P International, and his wife Wong Huey Fang, are offering to take the company private with an offer of $2 per share.

The couple, who already hold 83.5% of the company, do not intend to revise the offer.  

The offer is being made, amid uncertainties of market volatility caused by the pandemic, so that minority shareholders have an “clean cash exit opportunity” at a “significant premium” of what the shares are now trading at.

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