The offer comes after both conditions were fulfilled on July 31.
Shanghai-listed Milkyway Chemical, via its wholly-owned Singapore-incorporated subsidiary, Milkyway International Chemical Supply Chain, has made a firm offer of 22.66 cents per share for LHN Logistics (SGX:GIH
) . The offer price is said to be final.
Milkway Chemical had previously made a pre-conditional offer offering the same amount for the shares in LHN Logistics on June 4. The deal was conditional upon LHN’s shareholders approving the sale and obtaining written consent from JTC for the change in LHN’s indirect ownership in Hean Nerng Logistics, LHN’s wholly-owned subsidiary. Hean Nerng Logistics owns the property located at 7 Gul Avenue.
