SINGAPORE (Aug 24): Mary Chia, the provider of lifestyle and wellness services, has received a cash offer of 11.1 cents for each share from Suki Sushi, an F&B company belonging to the daughter and son-in-law of the founder, in an effort to turn the company around.

The offer price values the company at $18.1 million and is 68.2% higher than its last traded price of 6.6 cents on Wednesday, the final market day prior to the takeover announcement.

Suki Sushi, which operates Japanese restaurants in Singapore under various brands, is 73.75% owned by son-in-law Lee Boon Leng and 21.7% owned by his wife Ho Yow Ping, the daughter of founder Mary Chia Ah Tow.

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