The offer is conditional that Hercules must own 90% or more of the company at the close of offer.
SINGAPORE (Aug 15): The voluntary conditional cash offer for Hupsteel has been extended by two weeks to 5.30pm on Aug 30 from 5.30pm on Friday.
At the close of the offer on Friday, Hercules, the bid vehicle for the consortium led by the founding Lim family, has amassed a 83.416% stake.
