As Boo now owns more than 30%, the general offer requirement has been triggered. Under this mandatory offer, Boo is offering 2.18 cents per share to the remaining shareholders.
Boo Kuang Loon, an executive director of Bursa-listed Yong Tai Berhad, has paid $1.5 million for 32.97% of Sunrise Shares Holdings (SGX:581
) , paying 2.17 cents per share to Sunrise Wealth Management.
Sunrise Shares, which used to be called ITE Electric, last traded at 3.5 cents.
