Keong Hong receives 38.4 cents general offer

The Edge Singapore
The Edge Singapore1/21/2022 1:24 PM GMT+08  • 2 min read
Keong Hong receives 38.4 cents general offer
As at Sept 30 2021, the company’s net asset value was 67.8 cents per share
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An entity called LJHB Capital (S) is making a general offer for shares of construction company Keong Hong Holdings it does not already own at 38.4 cents each.

The offer price represents a modest premium of 3.8% over Keong Hong’s last traded price on Jan 20, before trading halt was called before market opened this morning (Jan 21).

The offer comes after LJHB acquired 44.7 million shares from Keong Hong’s chairman and CEO Ronald Leo Ting Ping.

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