As at Dec 31 2020, the company's book value was 19.2 cents, down from 20.6 cents as at Dec 2019.
Dr. Koh Wee Meng, the executive chairman and CEO of property developer Fragrance Group, will be privatising the group.
Koh has, through JK Global Treasures, has made a voluntary conditional offer to its shareholders on July 9, where JK Global Treasures will be acquiring all the issued and paid-up share capital in Fragrance Group at an offer price of 13.8 cents per share in cash.
