Koufu Group's founding shareholders — a husband-and-wife duo — are proposing to privatise the foodcourt operator at 77 cents per share in cash through a voluntary conditional offer, announced the company on Dec 29.
The offeror is Dominus Capital, an investment company incorporated on Oct 7 by Koufu founder, executive chairman and chief executive officer Pang Lim; and his wife Ng Hoon Tien, who is also executive director.
The couple have a deemed interest of 77.41% of Koufu's shares through holding company Jun Yuan Holdings.
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