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Lafe Corporation gets 90 cents/share privatisation offer from chairman

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Lafe Corporation gets 90 cents/share privatisation offer from chairman

PC Lee Published on Wed, Aug 02, 2017 / 11:11 AM GMT+8

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SINGAPORE (Aug 2): Investment holding company Lafe Corporation has received a cash offer of 90 cents per share to delist and privatise the company from Chairman Christopher Ho Wing-On.

The offer consideration represents a premium of 125% over the last transacted price of 40 cents.

Ho holds a 58.78% stake in Lafe through Sino Capital where he is the director and sole shareholder.

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