Yap is also LHT’s controlling shareholder. The company did not solicit the offer, says LHT in its May 20 announcement.
Mainboard-listed LHT Holdings has received an irrevocable offer from its managing director and CEO, Yap Mui Kee, to purchase the company’s assets and business.
The term sheet dated May 19 stated that Yap would like to buy all, or substantially all of the company’s operating assets and business undertakings as at the cut off date of March 31.
