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Koufu's founding shareholders propose buyout offer of 77 cents per share in cash

Jovi Ho
Jovi Ho12/29/2021 08:14 PM GMT+08  • 1 min read
Koufu's founding shareholders propose buyout offer of 77 cents per share in cash
The couple have a deemed interest of 77.41% of Koufu's shares through holding company Jun Yuan Holdings.
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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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