Both companies are listed on the SGX. Nordic Group is a holding company with subsidiaries ranging from systems integration to maintenance, repair and other engineering services.
Nordic Group plans to make a 23.8 cents per share all-cash offer for Starburst Holdings, which values the target company at around $59.1 million.
The offer price is a premium of 5.78% over the latter’s last traded price of 22.5 cents.
