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Guocoleisure Holdings offers 70 cents per share in privatisation offer for GL Limited

Felicia Tan
Felicia Tan • 2 min read
Guocoleisure Holdings offers 70 cents per share in privatisation offer for GL Limited
As at 12.50pm, shares in GL Limited are trading flat at 56 cents.
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Guocoleisure Holdings, a wholly-owned subsidiary of Guoco Group Limited (GGL) has made a voluntary conditional cash offer of 70 cents per share for all the issued ordinary shares in the capital of GL Limited on Jan 15.

The share price represents a 25% premium over the last transacted price of 56 cents per share on Jan 14.

It also represents a 28.2%, 33.3%, 28% and 9.5% over the volume weighted average price (VWAP) per share for the one-, three-, six- and 12-month periods respectively, up to and including the last trading day.

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