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Dutech's executive chairman and CEO offers 40 cents per share in unconditional offer to privatise company

Felicia Tan
Felicia Tan5/31/2021 06:10 PM GMT+08  • 3 min read
Dutech's executive chairman and CEO offers 40 cents per share in unconditional offer to privatise company
The offer represents a 60.0% premium over Dutech’s last-closed share price of 25 cents on May 28.
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Dutech Holdings’ executive chairman and CEO, Dr. Johnny Liu Jia Yan, through TSI Metals HK Limited, an investment holding company incorporated in Hong Kong, has, on May 31, made a voluntary unconditional cash offer to shareholders in Dutech Holdings, where TSI Metals HK will be acquiring all of the issued and paid-up ordinary shares in the latter at an offer price of 40 cents in cash.

The offer will be extended to all the shares owned, controlled or agreed to be acquired by parties acting on behalf of TSI Metals HK.

According to the filing on May 31, TSI Metals may reduce the offer price depending on the event where dividends, rights, other distributions or return of capital is declared and paid by Dutech Holdings to its shareholders.

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