SINGAPORE (Aug 20): Executive chairman Teo Choon Hock (image) and managing director Kwek Keng Seng  are offering to buy shares of little-known bolt and nuts supplier PS Group Holdings that they do not already own at 11.8 cents each.

Based on the company’s share price of four cents on Aug 6 – which was the last day the counter was traded – the offer price represents a premium of about 194.1%.

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