Epicsoft Asia’s buyout offer for Ban Leong becomes unconditional

The offer remained at $0.6029 per share.

Epicsoft Asia’s buyout offer for Ban Leong Technologies Limited has been declared unconditional in all respects.

As of 27 May, Epicsoft Asia owns a 50.90% stake in Ban Leong. Subject to acquiring at least 90% of the shares, it will be entitled to acquire all remaining shares at the offer price of $0.6029 per share.

If the minimum free float requirement is no longer met, Epicsoft Asia will proceed to delist Ban Leong from the Singapore Exchange Securities Trading Limited (SGX-ST).

Shareholders who wish to accept the offer must submit the relevant acceptance form(s) by 2 July, at 5:30 pm.

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