The offer will be conditional upon the offeror having received more than 90% of the issued share capital at the close of the offer.
SINGAPORE (June 28): The founding Lim family of Hupsteel, the trader of industrial steel products, has made an offer to buy back all the shares it does not own and delist the company.
Hercules, special purpose vehicle incorporated by the Lim family to carry out the offer, is offering $1.20 for each, says Hupsteel in a Friday night filing.
