Emet Grace has made a voluntary cash conditional offer of 65 cents per share for all the shares in the capital of Penguin International on Jan 21.
Penguin International is a Singaporean-listed company that designs, builds, owns and operates aluminium high-speed craft through its wholly-owned and integrated subsidiaries.
The offer price represents a premium of 30% over the last transacted price of 50 cents per share on Dec 18, 2020, being the last market day on which the shares were transacted prior to the holding announcement date.
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