In an update from UOB, acting on their behalf, as of May 3, the Ongs' initial offer of 62 cents was accepted by minority shareholders holding just some 67,600 shares, representing just 0.01% of the company's total share base.
The Ong family trying to privatise Lian Beng Group has improved their offer to 68 cents, from an initial offer of 62 cents per share.
They do not intend to revise the price further.
