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Nobel Design receives 51 cents per share mandatory unconditional cash offer

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Nobel Design receives 51 cents per share mandatory unconditional cash offer

PC Lee Published on Tue, May 02, 2017 / 8:57 PM GMT+8

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SINGAPORE (May 2): Nobel Design Holdings, the design consultancy and interior furnisher, has received a mandatory unconditional cash offer from Grand Slam RF18 Investments.

The offer price of 51 cents per share represents a premium of 18.6% and 22.6% above the six-month and 12-month volume-weighted average prices respectively.

Grand Slam is a Singapore-incorporated investment holding company owned by Goon Eu Jin Terence, Wee Ai Quey, Kho Chuan Thye Patrick and Southern Cross Holdings.