The offer price of 94 cents is a premium of 11.9% over Grand Venture's May 30 closing price of 84 cents, just prior to its holding statement that a potential share transaction is underway.
Dutch firm Aalberts Advanced Mechatronics is offering 94 cents per share to buy up all Grand Venture Technology shares, valuing the company at $318.9 million.
The Singapore-listed firm's key shareholders, including investment firm Novo Tellus and founder Ricky Lee and CEO Julian Ng, have already committed to sell their combined stake of 64.24%.
