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Ossia’s Goh family receives 85.92% in valid acceptances at close of offer

Felicia Tan
Felicia Tan • 2 min read
Ossia’s Goh family receives 85.92% in valid acceptances at close of offer
The offer closed at 5.30pm on Aug 30 and is no longer open for acceptances.
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Ossia International’s Goh family has received valid offer acceptances of 217.1 million shares representing 85.92% of the total number of issued shares in Ossia as at the close of its privatisation offer. The offer closed at 5.30pm on Aug 30 and is no longer open for acceptances.

On June 12, Ossia International (SGX:O08) announced that brothers, Goh Ching Wah, Goh Ching Lai, Goh Ching Huat, made a voluntary unconditional general offer of 14.5 cents per share for all the shares the family does not own in the company. The company would have been privatised had the joint offerors received acceptances exceeding 90% of the total number of shares in Ossia.

On Aug 14, Ossia said that the offer price of 14.5 cents per share will remain the same until the close of the offer.

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