The offer comes after LJHB acquired 44.7 million shares from Keong Hong’s chairman and CEO Ronald Leo Ting Ping.
An entity called LJHB Capital (S) is making a general offer for shares of construction company Keong Hong Holdings it does not already own at 38.4 cents each.
The offer price represents a modest premium of 3.8% over Keong Hong’s last traded price on Jan 20, before trading halt was called before market opened this morning (Jan 21).
