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Advansory Investment controls 87.17% of Olive Tree Estates following close of 12 cents per share offer

The Edge Singapore
The Edge Singapore  • 1 min read
Advansory Investment controls 87.17% of Olive Tree Estates following close of 12 cents per share offer
The offer was tabled after Advansory Investment bought a controlling stake of 69.49% from a group of previous shareholders
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Advansory Investment has gained control over 87.17% of Olive Tree Estates, at the end of its 12 cents per share offer on Nov 28.

The offer was tabled after Advansory Investment bought a controlling stake of 69.49% from a group of previous shareholders for $9.66 million, or 12 cents each.

The sellers were Chiu Teng Enterprises, Kim Kyoo Chul and Tham Keng Chuen.

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