SINGAPORE (Apr 25): LTC Corp’s controlling shareholders have extended their offer to buy out the company to May 11 at 5.30pm from Apr 25 at 5.30pm.

Offeror Mountbatten Enterprises and the parties in concert with it have garnered a 85.71% stake in LTC as at 5pm on Tuesday.

Buyout vehicle Mountbatten Enterprises is owned by LTC’s managing director Cheng Yong Liang and his brothers together with the family’s investment vehicles Lion Investment (Singapore) and Lion Realty.

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