Staff Reporter
,
Singapore
Photo from Pexels by Alena Darmel
This represents an aggregate of 189 million shares from Amos.
PeakBayou, through PrimePartners Corporate Finance, has exercised its rights of compulsory acquisition to buy 91.06% of Amos Group Limited’s shares, according to a bourse filing.
This represents an aggregate of 189 million shares from Amos.
Given the acquisition, the percentage of Amos’ shares held by the public as of 5 November is approximately 8.94% and is therefore less than the requisite 10% under the Free Float Requirement.
Accordingly, trading of the shares will be suspended at the close of the offer under Rule 1303(1) of the Listing Manual.
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