Aspial-led consortium seeks to acquire AF Global

Aspial and JK Global each hold 50% of the shares within the consortium.

A consortium comprising Aspial and JK Global Investment is seeking to acquire all of AF Global Limited’s shares at $0.11 apiece via a scheme of arrangement.

According to Aspial’s bourse filing, Aspial and JK Global each hold 50% of the shares within the consortium.

Based on the 288.7 million scheme shares held by shareholders, the consideration will cost the consortium about $31.8m.

The offer price represents a premium of about 23.6% over AF Global’s closing price of $0.089 on 29 September.

Should the scheme be approved, the consortium intends to delist AF Global.

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