The sellers are Chiu Teng Enterprises, Kim Kyoo Chul and Tham Keng Chuen, while the buyer Advansory Investment is solely held by one Liu Lianlian, who has no intention to revise the offer price.
Control of Olive Tree Estates has changed hands, after a group of shareholders sold their stake to an entity called Advansory Investment for $9.66 million.
With a stake of 69.49%, the new shareholder is obliged to make a general offer for the remaining shareholders at the same price of 12 cents each.
