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Goh family makes privatisation bid of shares in Ossia with offer of 14.5 cents (update)

Felicia Tan
Felicia Tan • 3 min read
Goh family makes privatisation bid of shares in Ossia with offer of 14.5 cents (update)
The offer price represents a premium of about 20.83% over the last traded price per share as quoted on the Singapore Exchange Securities Trading Limited (SGX-ST) on June 7.
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The Goh family has made a voluntary unconditional general offer of 14.5 cents per share for all the issued and paid-up ordinary shares it does not own in Mainboard-listed Ossia International (SGX:O08) . The company is a distributor and retailer of lifestyle, outdoors and luggage products and accessories.

The offer, announced on June 12, is made by brothers, Goh Ching Wah, Goh Ching Lai, Goh Ching Huat.

Ching Wah is the group executive chairman and owns 22.76% of the total shares in Ossia. Also known as George, he announced that he would be running for president in Singapore’s presidential election in 2023.

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