The brothers, Goh Ching Wah, Goh Ching Huat and Goh Ching Lai, first announced they would take Ossia private on May 15. As at May 15, the siblings hold a total stake of about 86.06%. The offerors will need to get acceptances exceeding 90% of Ossia’s shares.
Ossia International’s Goh brothers have appointed a different independent financial advisor (IFA) to advise the privatisation of the company via a voluntary unconditional cash offer of 16 cents per share.
The IFA, which was previously Asian Corporate Advisors, is now W Capital Markets.
