A group of investors led by Teo Hong Lim, chairman and CEO of Roxy-Pacific Holdings, is offering to buy out other shareholders at 48.5 cents.

The consortium of 11 investors already control or has secured in between them 76.44% of the shares. 

They intend to privatise the company, which is valued at $623.4 million based on the 48.5 cents offer price.

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