OSIM founder moves to take company private for $1.32 per share

It represents a massive premium over its current price.

After suffering several quarters of weak sales and profits, OSIM's founder Ron Sim has offered to delist the lifestyle company at a price of $1.32 per share.

The offer price represents a 31.8% premium over the stock's 1-month volume weighted average price (VWAP) and a 33.5% premium over 3-month VWAP.

As at the Offer Announcement Date, Sim owns 506,554,914 shares of the Company, representing a 68.31% stake.

Credit Suisse (Singapore) Limited is acting as exclusive financial advisor and Morgan Lewis Stamford as legal advisor to Mr. Ron Sim. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!