As at 6pm on July 17, Penguin had received a total of 195.0 million shares, or an 88.57% stake of the total number of shares in the company, closing in on the 90% mark where the company’s offer will turn unconditional.
Penguin International has extended the closing date of its voluntary conditional cash offer yet again. This time, the offer will close at 5.30pm on Aug 3.
This is the third time Penguin has extended its closing date, first to July 6 from June 22 and to July 20 from July 6 previously.
