OSIM suspends trading as CEO passes 96% ownership mark

Sim can now compulsorily acquire dissenting shareholders’ shares.

OSIM International has suspended the trading of its shares following founder and CEO Ron Sim’s move to raise his stake to 96.03% at the close of his privatisation offer.

According to the company’s announcement, reaching the 96% threshold provides Sim the right to compulsorily acquire the remaining shares still currently owned by dissenting shareholders.

Sim has expressed that he will exercise this right, and will nab the shares at the final ex-dividend offer price of S$1.39 in cash for each share.

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