On Sept 25, PeakBayou, a private equity fund wholly-owned by Hong Kong-based ShawKwei & Partners, offered to privatise the marine offshore solutions group at 7 cents apiece. The directors of PeakBayou are Kyle Arnold Shaw, Jr and Niko Antti Olavi Ratala. Shaw is also the executive chairman of Amos Group.
Amos Group has lost its free float at the close of Nov 5 after shares in public hands fell below the mandatory 10%. As at Nov 5, the group’s offeror, PeakBayou, owned 189,707,645 shares in Amos Group representing a stake of 91.06%.
The group’s offer will also now close at 5.
