THC Venture, an investment holding company set up by TTJ Holdings’ executive chairman and controlling shareholder Teo Hock Chwee, says it does not intend to increase its offer price of 23 cents per share.
See: "Hold out for better offer" says Lim & Tan to TTJ's minority shareholders and Reject TTJ’s privatisation offer, says IFA as offer price below valuation
Teo owns 84.4% of the shares in TTJ while his daughter, Teo Geok Hong, owns 0.1%.
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